New Century Financial Down 40% Today

Should have gone long from there........

 

Covered at 16.74.

I was going to wait until 3:30, but resistance was building at 17.

I may short this again on Monday.

Congrats to those who shorted.

 

Hey Victor. Long time no hear.

I think we'll get great short plays on the lenders for some time.

I think the brokers may finally be ripe, too. Ironically, Goldman downgraded NYX today.

 

Yep, looks like this is not a stock-specific problem, but a sector problem.