New Century Financial Under Criminal Probe; Fremont Quits Subprime Market

Discussion in 'Stocks' started by ByLoSellHi, Mar 2, 2007.

  1. How about CFC ? It's at 37 - hmm.. I might have to buy some puts on this dog. It has to go down..

    #11     Mar 3, 2007
  2. It's amazing.

    NFI from 40 to 7 in 52 weeks.

    LEND from 60 to 21 in 52 weeks (and perhaps to 10 in a few more).

    IMO, the next crashing sector: Chinese stocks trading on US exchanges. Could mirror the performance of REITs over the past year.
    #12     Mar 3, 2007
  3. This one's definitely getting delisted. Even with the news priced in, this could still be a great 3-5 day short opportunity. Just depends on how bloody Monday morning (pre-market) will be for this stock.
    #13     Mar 3, 2007
  4. subban


    Wish I could short new or nfi. But Ameritrade would'nt allow me to short these stocks or LEND for last couple of weeks.

    CFC countrywide is more prime busness and a more of a solid reputation. I would'nt call that a dog stock.
    #14     Mar 3, 2007
  5. Before the Bell:

    *NEW -8.20*

    NFI -1.75
    LEND -4.25
    #15     Mar 5, 2007
  6. Timber!!
    #16     Mar 5, 2007
  7. Chart for fun. Only a madman scalper would buy this!!
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    #17     Mar 5, 2007
  8. S2007S


    only ome im able to short is CFC
    #18     Mar 5, 2007
  9. Having seen a few of these kinds of action before, i think NEW is headed for bankruptcy. Not only is business really bad, but now there are criminal probes. I really doubt they will survive that combo
    #19     Mar 5, 2007
  10. Since I posted that chart, NEW is up $.40 cents. That's what I get for not wearing my tin foil hat!!:D
    #20     Mar 5, 2007