Any opinions on Ambac(ABK) or Chesapeake(CHK)?

[luksak]

Just curious if you've still been following Ambac and if you think it might be around time for it to make a move?
Also, do you think Chesapeake continues it's recent run since it's reversal with the conference call Monday morning, or does it soon taper off??

Looking for opinions, thanks.

[Goods]

Hey luksak -- I've watched CHK the past few days but stayed out because I make it a rule not to chase. It's almost a double from Dec 5th.
The strength is there and they're making the right moves to drive up the stock price. I can see it going back into the 20s but be careful if you're getting in now. I'd wait for some profit taking pullback. There was a ton of selling just before the recent bounce so the shorts are covering and that can't last forvever.

ABK's not showing me anything worthwhile. XL just put themselves up for sale. That could help ABK in the long run but nothing here imo.

[luksak]

Thanks for your input Goods, appreciated.