Yep… I missed out when my options on WaMu and a few builders expired before they fell but I bought an “out of the money” put on CFC at $36 last spring – right after their tanning-bed skinned CEO started talking about how they’d gain from the pending troubles. I figured the guy was a weasel and (essentially) shorted his stock.

Sad, though, how many employees are losing their jobs…

Yep… I missed out when my options on WaMu and a few builders expired before they fell but I bought an “out of the money” put on CFC at $36 last spring – right after their tanning-bed skinned CEO started talking about how they’d gain from the pending troubles. I figured the guy was a weasel and (essentially) shorted his stock.

Sad, though, how many employees are losing their jobs…

KB is going to get the snot beat out of it today as well, thier quarterly losses were just announced and they were huge. I never thought CFC would go under, I actually thought that some of the lenders and builders would benefit from the shakeout, after some went out of business the survivors would gain market share. While I always knew it would get bad, I’m suprised how bad and how fast. I would bottom fish some of these stocks since some are 90% off but I know too much about the market now to touch them.

KB is going to get the snot beat out of it today as well, thier quarterly losses were just announced and they were huge. I never thought CFC would go under, I actually thought that some of the lenders and builders would benefit from the shakeout, after some went out of business the survivors would gain market share. While I always knew it would get bad, I’m suprised how bad and how fast. I would bottom fish some of these stocks since some are 90% off but I know too much about the market now to touch them.

KB is going to get the snot beat out of it today as well, thier quarterly losses were just announced and they were huge. I never thought CFC would go under, I actually thought that some of the lenders and builders would benefit from the shakeout, after some went out of business the survivors would gain market share. While I always knew it would get bad, I’m suprised how bad and how fast. I would bottom fish some of these stocks since some are 90% off but I know too much about the market now to touch them.

Missed the KB fall too – bought too short of an expiration.

Rumor is that CFC employees can sell what they’ve got ONLY in Jan and that many / most are going to take what they can get and leave the sinking ship. No idea if that’s true or not, but that’s why I’m holding the put until it expires later this month.

Missed the KB fall too – bought too short of an expiration.

Rumor is that CFC employees can sell what they’ve got ONLY in Jan and that many / most are going to take what they can get and leave the sinking ship. No idea if that’s true or not, but that’s why I’m holding the put until it expires later this month.