CFC - ready to surge upward

Quote from cashmoney69:

wachovia is probably the better buy if u want a bank.
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Too late, I am riding CFC. I'm taking her to 14.50+ and bailing soon.

Lots of nervous shorts will cover to lock in profits.
 
I Love this housing market.
I have been RAKING in the $$$ on the Short side.
BZH, DHI, HOV, KBH, SPF, PHM, LOW, HD, TOL, CTX, CFC.
I have also been shorting stocks like Lowe's and Home Depot among others.
Housing will take months/years to unravel
More pain to come. As I said months ago...just wait till earnings starts to impact this sector. Here we Goooooooo!
Good Luck.:D
 
I don't think he was taking a long position to make profits in the next 3-6-12+ months. It was an intraday trade long. I have taken a few $$$ on short term pops on the long side.
But you must be very nimble and cut any trade that goes against you fast.
Swing trading/position trading stay on the safe side the short side.
Good Luck people, there is a lot more money to be made in this sector.


Quote from stock_trad3r:

lol this stock is such a pos

you would have been much better off putting your money in DIA
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Going to be one interesting conference call on Friday......

Man it was a painful September after the half a point cut but held on and added more positions to short.

Single digits.... single digits!!!!!
 
The volume of mortgages issued this year will fall to the lowest since 2000, the Mortgage Bankers Association forecast on Oct. 17. Foreclosures doubled in September from a year earlier as subprime borrowers struggled to make payments on adjustable- rate mortgages, RealtyTrac Inc. said Oct. 11.

``We have a ways to go in the housing recession,'' Douglas Duncan, the Mortgage Bankers Association's chief economist, said last week.

Today's report corroborates earlier figures this month from the Realtors' association that the housing slump is worsening.
 
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