I’m thinking about shorting more LEND soon, I think the timing is right for the subprime lenders to fall hard. I already covered my LEND shorts a couple weeks ago to lock in those gains but I know there is a lot further to go. NEW is also starting to look very attractive as short candidate, the downward momentum is starting to pick up.
Josh, you need to change brokers man, don’t know whey they won’t let you short LEND. I recommend Fidelity, GREAT Service, great web site, 24 hour phone assistance, etc. Plus with a broker that big they always have plenty of shares in their system to short.
