I really hope folks here betting the farm against 1 stock really have the stomach to digest things IF CFC really does get bailed out. I mean, a lot of you folks have been talking about how you are spending the effort to "save" for when home prices become affordable.
I no longer have any interest in CFC itself (I bought and sold on a $2 spread), as i think there really is too much uncertainty on this one, but I'd really would hate to see it if folks here take on a huge position one way or the other thinking of making "easy money", only to see their savings pissed away if things don't work to the direction you want.
Please don't make the same mistakes that I have back in the dot com days when "saving" meant "gambling" on stock pick or short. Example.
I originally wanted to buy a car that cost $30k. Instead of buying the car, I decided, why not hold of 1 month and put the $30k into the market, so I could by the "S" version of the car? Result: Stocks went up and then came down. Was not a happy camper.
