Marketsurfer says short CapitalOne

i think we know the real reason why surf is shorting capital one

they refused to give him a loan to gamble on stocks once they saw his surf report thread on ET and now he's trying to get revenge
 
marketsurfer said:
SURF ALERT


Entered orders to SHORT COF capital one at $81.93 per share. we don't like what we see in this one. Will publish thesis later.

surf
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Cornwall Capital Management turned $110k into $120M during credit crisis in 3 or 4 trades and their initial trade was long COF. Their thesis, COF had better customer selection analytics than other credit card companies ( it's in Michael Lewis's "The Big Short").
 
dealmaker said:
Cornwall Capital Management turned $110k into $120M during credit crisis in 3 or 4 trades and their initial trade was long COF. Their thesis, COF had better customer selection analytics than other credit card companies ( it's in Michael Lewis's "The Big Short").
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Interesting. I have not read the book or saw the movie-- they ended up shorting COF?

I know COF lends to the worst of thesubprime --
 
Do you know how much comedic ammunition a CapitalOne short can provide right or wrong?

I can picture it now "What's in your wallet?". "What's in your wallet? Apparently nothing since that short trade did not work out".

Surf could flip the script if the trade works out well. "Anyone want to ask me what is in my wallet?"
 
There is significant support around $80

COF (Daily) 11_2_2016 - 5_9_2017.jpg
 
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