TMA going under?

Discussion in 'Stocks' started by turkeyneck, Mar 3, 2008.

  1. Just traded it into the CNBC pump and dumped it...Could got to $5 plus or go down LUM or AHM.

    Can't trust it for more than 3-4% on a couple blocks.
  2. Daal


    Its either a $0 or a $20, a options play on this could be a sure winner.
  3. Those Jan 09 2.5 Call or Jan 10 5 Call look tempting if you are the gambling type.
  4. colewave


    Unless it gets taken over around the current price (like CFC), then both sides are losers.
  5. Daal


    this guys underwriting standards are stupidly high. their cummulative loss on billions of loans before this crisis was something like $150,000. even if the losses were explode beyond anything anybody could even imagine they have $2B in book value to absorb that plus the earnings income they already have(plus the $17M in loan loss reserves they already have). the only thing that can get them to $0 is ignorant bankers getting in panic and issuing margin calls like they are doing it now, we will see if the can survive this tsunami, if they can then thats your cue that they will survive just about anything
  6. Cramer said buy under $25.
  7. Yes, average down to lower your cost basis... :D
  8. So I can really load up at $0.00.
    #10     Mar 4, 2008