Using weakness in AIG today to get long. Buying the warrants, not the stock. Warrants are stupid cheap if the stocks does well.
Devastating news to the servicers, JPMorgan bought Met's $70B portfolio on Friday. Just maybe the banks aren't getting out of the business. I've got my chance to buy OCN or NSM or WAC, but the game may have changed. All are down double-digit percentages today. NCT doing fine, as servicing not the main part of its business.
Zillow going whoosh. Best buy/sell combination I ever made. Period. If I was truly a great trader, I would have rushed to short all I could when I saw that pop-up ad on Tuesday night. Kiss of death.
Shorting aussie dollars right here. $1.0452. I'm not saying I know the direction of AUD going forward, but who the hell is selling dollars just because BO won? What? Did they expect Romney to win and the Fed Funds rate to magically go up on Jan 21? The Fed runs the Oval Office, not the other way around.
http://online.wsj.com/article/SB100...75588.html?mod=WSJ_hp_LEFTWhatsNewsCollection Reach for yield reaching new highs These bonds are potential shorts, the issue is that the only way to make a good return is to lever up the position, which ties up a lot of margin
Covered $1.0426. Profitable, but if the aussie couldn't go down 100 pips today, it might never go down. Made my point at least. Anybody buying aussies because of the election was a full-blown idiot.
Ackman on CNBC trying to have an unquestioned JCP commercial. Sad. https://twitter.com/KeithMcCullough/status/268326656677126144