CFC is following the fools rally this stock market is having. I’ve been watching the stock and its options heavily for a year now and wish I would have bought Jan 09 puts when it was ~$44 a share equity. It’s on it’s way back up momentarily but I think the stuff is really going to hit the fan not when the market retreats but when people start to focus on delinquent Alt-A and then eventually Prime mortgages. That’s when this guy will start heading back to pre-boom <$10 a share. The options just in the money at the time of purchase seem to be a bargain if this is what happens. I will be in by June.
