REDUCE: WTS AMBAC FINANCIAL GROUP INC (NASDAQ:AMBC-W)

REDUCE: WTS AMBAC FINANCIAL GROUP INC (NASDAQ:AMBC-W)

REDUCE: WTS AMBAC FINANCIAL GROUP INC (NASDAQ:AMBC-W)

JULY 20-24, 2018 – SELL 1000 AMBC-W @ USD$9.50 per warrant

Continuing to sell my AMBAC Warrants.  Raising cash, reducing this holding from 12% of the portfolio to 10%.  I still like AMBAC and the AMBAC Warrants….however, I am taking some money off the table to insure (no pun intended) that I have at least 25% of the portfolio in cash.  I still feel AMBAC is undervalued and I plan on keeping over 5% of the portfolio invested in AMBAC for the foreseeable future.   I am selling warrants purchased in late 2017 at USD$5.90, proving that averaging down is not a bad use of money sometimes.