The Next Great Mortgage Play: *AHM*

[blast19]

Quote from CalScholar:

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

CEO is going to be on CNBC today at 3:15 I think.

Definite shit going to hit the fan...company buyback is probably propping the stock price up...I'm surprised a barrage of class actions hasn't hit the company alleging wronging from the CEO unloading while the compay buys back...talk about sketchy!

 

[S2007S]

i would have shorted days ago except there are no shares available.


Still nothing today.

 

[blast19]

Quote from S2007S:

i would have shorted days ago except there are no shares available.


Still nothing today.

If you're still interested just buy some Puts. Just buy the amount you were willing to risk in the short position you wanted to open and bammo, you probably have more leverage anyway.

Good luck.

 

[CalScholar]

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!

 

[pumpanddumper]

I knew this was talked about and had to dig it up. Good call!!!!!!!!!

 

[stock777]

I only need to be updated once every 4 months. You get credit if you ar eright, and forgotten about if not.