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Joe Stocks

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Joe Stocks

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Re: None

Friday, 03/14/2008 11:21:49 AM

Friday, March 14, 2008 11:21:49 AM

Post# of 261
Wanna make 10% on your money over the next month?
CFC @ 4.60. Sell the April 4's for 1.15. If CFC trades anywhere above $4 on April 18th your return is 10.9%.
Risk. CFC would have to trade below $3.50 to lose money

CFC has an offer on the table from BAC to buy at 6.84.
CFC is currently selling for just 19 cents of every dollar in book value. Worse case you make nothing and own CFC for $3.50 per share, 24% less than what the stock is selling for now.

Just an idea.

Joe

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