Search results

I plan to exit my last position in the battered lending/REIT sector by the close. The past couple weeks has been the bubble in reverse for this sector and something is going to give. Far too many people have jumped on the bandwagon at this point and if that's not the surest sign of an...

You're right about that. I wasn't going to disclose, but may as well. Toward the close I bought a few SNDK 37.5 puts at a pretty bad price considering where they were trading earlier in the day. (I paid 0.65). I'm convinced that SNDK is about to head south, but I got f*ed today, especially by...

... or at least possible. :D

It's possible... The plunge in our markets today causes a sell off overseas in Asia and Europe tonight. If those sell offs are substantial, then our markets could dump again tomorrow. There's nothing wrong with wishful thinking, especially when probable...

Not even close. Actually, not even close to what I was expecting. I closed fairly early and got 1.40. Good profit, but I was expecting 2+. Still, a good day overall, minus SNDK, which screwed me twice: once by going up against my short, and a second time by going down after I covered.

Thought I'd mention that I was stopped out of AHM at 21.07 earlier today. I considered dumping the stop, but I've got enough exposure with my CFC puts. If you're short AHM, you're in good shape! Good Luck! :D

True, the guy's a sleazy a*hole. But I doubt his message got across considering the Dow was down 200+ while he was talking and mortgage companies were being blamed for it. I'm glad he dumped his stock. One more reason this stock tanks when the feds figure it out.

Missed the interview, but I'm liking my CFC April puts right now and I'm guessing you are too! :D According to an article I read, the CEO warned of a liquidity crunch that's getting worse. "This is now becoming a liquidity crisis," and "it's going to get uglier," Mozilo said on CNBC...

You're right. I'll be in my mansion. :D

Save time... Make checks payable to CalScholar! :D

Options back in play...

Just called 888-options again. Said the options would be trading any time now.

Also, how long before options begin reflecting current trading? I'm looking for the stock to trade under $1 today.

Any idea when it opened up and if it really traded at 1.01???

Out and ouch.

$0.02

$0.06 and I'll be stopped out. 41.41. Really regretting this play now.

No kidding. I picked up a handful of April 30s on CFC at 1.20 earlier this morning.