What are the chances of another $2 billion investment in CFC like what happened in August?
Say GoodBye to Countrywide
- Thread starter 1flyfisher
- Start date
Doubtful. So many financial institutions are just waking up to their own subprime credit crisis problems.
Damn I thought CFC would take out it's 52 week lows in a few weeks.....looks like it will come sooner than later.
Housing stocks builders, mortgage co's are getting beaten down. I wonder where they will be when we retest aug lows and get a 10-15% correction. We go into a recession.....ouch for these stocks! Don't fight the tape go short.
Damn I thought CFC would take out it's 52 week lows in a few weeks.....looks like it will come sooner than later.
Housing stocks builders, mortgage co's are getting beaten down. I wonder where they will be when we retest aug lows and get a 10-15% correction. We go into a recession.....ouch for these stocks! Don't fight the tape go short.
My system says short countrywide NOW!!
Use the Dollar Cost Averaging method and ride the dragon all the way down!
Use the Dollar Cost Averaging method and ride the dragon all the way down!
eh, what happens to loans when the issuers go out of business? free money? do they get bought by someone for nickels on the dollar? it is almost buying season. almost. When they are all just about to go out of business we "short sale" a ton of properties. Open a holding company, and tell them how bad they need these loans off of their books. We will take 50-80 homes for 5m total. anyone, anyone?
CFC has a lot of people watching. I won't be surprised by a last minute take-over deal. Everyone is waiting for it to get cheaper.
Soros Takes Stake in Countrywide in 3Q
http://biz.yahoo.com/ap/071115/soros_fund_quarterly_report.html?.v=1
