Greedy Pigs Get Slaughtered
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Once CFC is done dropping in the future, watch for a nice bounce.I think there is still a lot more red ahead, but will watch for bottom.JMHO
OT:
video
something like that wouldn't be in the mainstream.
CFC about to hit single digits.
WLM giving up some cheapies.
I highly think so because they lost so much money. That is just my opinion, don't trade on it. I'm short on it since the 12's. watch LUM, could turn around for another day trade.
I wonder how low CFC can go, George Soros is in it. with its negative EPS, its possible to go a lot further down than where its at.
Nice find on WLM, I picked some up. LUM is doing good today, hope you guys bought the on the dip last Friday, because it is up almost 25% so far. =D
The price is all over the place. A lot of volatility always happens eod for these sub prime stocks.
The losses DFC took was nothing compared to the $600 million loss of NFI. I strongly believe DFC will recover, but not NFI.
NFI reports $600 million loss! Bankruptcy seems to be a big possibility.
wouldn't doubt seeing this one below $1.
NFI down more than 50%, people awaiting bad financials for the conference call at 11am ET. Watch for bottom could be a good one to day trade.
House Expected to Approve Bill to Curtain Lending Abuses Over Industry Opposition
WASHINGTON (AP) -- The House is expected Thursday to approve a bill that would overhaul the home loan industry, which has been wracked all year by soaring defaults and foreclosures.
Democrats, consumer advocates and some moderate Republicans want to outlaw abusive lending practices aimed at borrowers with shaky credit, arguing that the federal government could have prevented the mortgage market's current problems years ago had stronger lending laws been in place nationwide.
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Other Republicans and business groups, however, argue that the bill would cut off access to loans just when the mortgage market is in trouble. The White House said Wednesday it has "concerns with the bill as drafted" but did not threaten a veto.
The bill's future is uncertain in the Senate, where Sen. Christopher Dodd, the Connecticut Democrat and presidential candidate who heads the Senate Banking Committee, has said he wants to pursue his own approach to the issue, but has not yet introduced a bill.
Next year, though, many experts expect mortgage defaults to keep soaring, and worries of a recession remain.
"If the economy is more broadly affected by the housing slowdown, there will be increased pressure to get this bill done," said Howard Glaser, a mortgage industry consultant and a Clinton Administration housing official.
Financial markets around the world have been rocky for much of the year amid worries about the growing scope of losses in investments tied to U.S. home loans. Bear Stearns Cos. and Britain's HSBC Holdings PLC were the latest to predict losses in the billions.
On Wednesday, the American Financial Services Association, which represents major lenders including Countrywide Financial Corp, and Citigroup Inc., urged House members to oppose the bill, saying it would expose lenders to lawsuits, forcing lenders to choose "whether to increase the cost of certain loans or stop making them."
The bill would:
-- ban lenders from making loans that borrowers don't have the ability to repay;
-- prohibit lenders from steering homeowners into refinanced mortgages that don't provide any benefit;
-- make Wall Street banks that package mortgage securities into investments liable for violations of lending laws; and,
-- create a nationwide licensing system for mortgage brokers and bank loan officers.
Yea, my L2's aren't matching my other program.
$5 is what I've been telling some of my stock buddies =]
thanks for the reply
Could this be bottom?
Bought some DFC now, then bought Lum earlier at 1.35
some sub prime stocks look very oversold now.
ETFC looking nice pre hours!
I just played the stock hype.
CHINA moved nicely today
I hear you!
no
I am pleased, listening to the conference right now.
me too, but it seems like the market is dragging it down again.
RSTO check this one out. Up a lot over a $267 million dollar buyout. Could be a short target because it was downgraded two days ago.
CHINA, watching for bottom.
VG nHOD
You can look it up here, http://biz.yahoo.com/research/earncal/20071108.html?t=cpst
Capstone starting out strong this morning.
Good morning everyone. Strapped in and ready for what today will bring. =D
high of 1.13, too bad no one is here to enjoy this one.
I don't remember who told me to check out this board, but I am sure glad I added it.Too many p and d's on those other boards. I'll just keep watching this board's progress. =)
Good call! I am happy with my gain here on bhip. =)
** DR.RON PAUL FOR PRESIDENT 2008 **
Since the market is closed and people have more time to read things, I felt it necessary to post this. I would like people in this group to check into Republican Dr.Ron Paul for president.
His key goals:
End the illegal income tax!
Bring our troops home!
Put an end to unnecessary programs that use up our valuable tax money!
We need to focus on our problems at home, not in other countries problems!
We need to focus on lowering or eliminating the deficit!
I feel like People are trying to keep a lid on this great guy. Here is fox news taking a poke at him.
Thanks for the reply. I hope we can see this next leg further up. =)
Wow, seems to of exploded after my post. =)
Hi, looks like a good new board here. Good call on EEE.