I don't know about that...I think it's lack of buyers. It's only traded 1M shares and it's down 50%...shorting isn't the reason, lack of interest in catching a falling anvil.
16-May-07 Earnings Next earnings release: May 16 before market, unconfirmed. Reuters Research estimate: -1.05 Their she Blowssssssssssss this might be more like a falling meteor. 13-Mar-07 02:15 ET In Play Accredited Home Lenders pursuing strategic options (11.40 ) : Co announces that it is currently exploring various strategic options, including raising additional capital to enhance liquidity and provide them with the flexibility to retain or sell originated loans based on an assessment of the best overall return. Accredited also reported that it is pursuing certain cost restructuring initiatives, including further workforce reductions.
Was anyone able to short it today? I tried -- 2000 @ 6.05 and 5.85 and couldn't execute (I'm using IB's TWS). Seems it wasn't on the shortable list.
up near $9 today .. i think it'll go higher.. NEWC is gonna stay low i think.. i think LEND will be able to get the funding it needs to help it get back up after this fall .. can you not trade LEND on the CNBC portfolio game cuz of subprime probs?
I scared myself out of this one, too. Leave it to a twit like Dodd to intervene with free markets and 'legislatively speak' up stocks rightfully should head lower.