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Author Topic: Is it too late for join the Subprimes Party ?
JLo
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Subprimes had a meltdown this week. It was talked about last weekend but I was busy with something else. It would be short-player heaven if they sieze the opportunity. O

I wonder is it too late to join this party ?

symbols:

NEW FMT LEND NFI
NDE (insists its not in this category)

Posts: 130 | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
JLo
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It turns out it wasnt too late.

LEND monday traded at $14.
LEND tues traded at $4

Short sellers will make a killing here.

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SherriT
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WOW! NICE PICKS! Wish I had paid more attention to this post the other day...

Any other ideas in this regard - probably too late for the short sell party, but I wonder if they won't recover slightly?

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Study before you buy, Sell before you think about it....

Posts: 3903 | From: Gulf Coast | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
SherriT
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Guess I answered my own question - have to say thanks to you, JLo, because I was able to trade the stock, not the options, and make a nice bit of profit on LEND.

THANKS FOR THE SUGGESTION!

--------------------
Study before you buy, Sell before you think about it....

Posts: 3903 | From: Gulf Coast | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
new2stocks
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Considering looking into options, I have alot to learn, but I'm a pretty smart cookie, I think I can figure it out. [Smile] Good luck to me!
Posts: 1453 | From: Wisconsin | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
   

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