Marketsurfer says short CapitalOne

[truetype]

COF getting hit...

Capital One Financial Corp. shares COF, -1.18% fell 1% in afternoon trade Wednesday, after reports that the credit card and consumer-banking services company was exiting the mortgage-loan business, cutting about 1,000 jobs.

 

[speedo]

It's up 8 bucks since surf's short call.

 

[truetype]

Profit on the COF short depends on whether you hedged with financials or the broad market. Pretty nice trade either way.

 

[southall]

Marketsurfer gets to be finally proved right.

His price drivers were just 3 years early..