CFC at $7.60

[ucodegen]

@drunkle

btw, my scottrade guy corrected me when i called my put options “shorts”. he called them long puts. i’m still confused as to what exactly entails “long” or “short”.

Options work different than stocks.. though they tie to the price of the share. Options are holding a ‘bet’ on a future event. All option purchases are effectively ‘long’.

Purchase stock: Long position because of ‘purchasing’ an item (share in this case). You get dividends(if any). Maximum loss can be full price of stock, maximum gains are taxed at either income rate(STCG) or 15%(LTCG) (unless lower income bracket in which case it may be 10% or 5%)

Sell stock short: Short position because you ‘sold’ something you do not yet have (so you are short on that position). You ‘receive’ money when you commit a short position because of the sale. The money has a cost (generally the margin rate on the amount of money involved), but this cost can be written of on your taxes (investment interest expenses). Maximum loss is full price of stock plus carried interest expense. Maximum gain would be like stock purchase but in the opposite direction and of course interest rate subtracted.

Buy a put: Long position on the option to sell stock at strike price at a future date. Betting on stock movement down. (you did not sell a put without having the put. The originators of the put could be said to be having the short position). Puts are a way to control large blocks of stock with a small amount of exposed capital. Maximum loss is only the purchase price of the option. Maximum gain is number of controlled shares x movement above strike price – price of option. Taxed at income rates.

Buy a call: Long position on the option to buy stock at a strike price at a future date. Betting on stock movement up (the originator of the option could be stated as having a short position on the option, but since your action is a purchase.. it is a long position). Calls are also a way to to control large blocks of stock with a small amount of exposed capital. Max loss is only the purchase price of the option. Maximum gain is number of controlled shares x movement below strike price – price of option. Taxed at income rates.

You probably know most of what I stated above.. just being thorough for the other readers out there.

[kewp]

They claim there is “no substance to the rumor that Countrywide is planning to file for bankruptcy…”

It’s in the bag then. The management is just stalling while they load up their SUVs with stolen office supplies.

[kewp]

They claim there is “no substance to the rumor that Countrywide is planning to file for bankruptcy…”

It’s in the bag then. The management is just stalling while they load up their SUVs with stolen office supplies.

[kewp]

They claim there is “no substance to the rumor that Countrywide is planning to file for bankruptcy…”

It’s in the bag then. The management is just stalling while they load up their SUVs with stolen office supplies.

[kewp]

They claim there is “no substance to the rumor that Countrywide is planning to file for bankruptcy…”

It’s in the bag then. The management is just stalling while they load up their SUVs with stolen office supplies.

[kewp]

They claim there is “no substance to the rumor that Countrywide is planning to file for bankruptcy…”

It’s in the bag then. The management is just stalling while they load up their SUVs with stolen office supplies.

[Coronita]

Me thinks it's the ATT CEO coming out saying people aren't paying their bills that sort of triggered the end of the day sell off, or at least that's what the news is saying.

 

Just for fun. I called countrywide to quote me on the best available rates as of today. Person on the phone was actually pretty nice and surprisingly told me to stay put (just checking if they would try to talk me into cashing out equity, etc)

 

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Ouch. Wondering when and if conformings drop below 5% will happen

 

Just wondering how CFC is going to find customers, especially in CA. The only solution (partial) I would say is to steal good customers away from elsewhere. But how?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Me thinks it's the ATT CEO coming out saying people aren't paying their bills that sort of triggered the end of the day sell off, or at least that's what the news is saying.

 

Just for fun. I called countrywide to quote me on the best available rates as of today. Person on the phone was actually pretty nice and surprisingly told me to stay put (just checking if they would try to talk me into cashing out equity, etc)

 

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Ouch. Wondering when and if conformings drop below 5% will happen

 

Just wondering how CFC is going to find customers, especially in CA. The only solution (partial) I would say is to steal good customers away from elsewhere. But how?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Me thinks it's the ATT CEO coming out saying people aren't paying their bills that sort of triggered the end of the day sell off, or at least that's what the news is saying.

 

Just for fun. I called countrywide to quote me on the best available rates as of today. Person on the phone was actually pretty nice and surprisingly told me to stay put (just checking if they would try to talk me into cashing out equity, etc)

 

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Ouch. Wondering when and if conformings drop below 5% will happen

 

Just wondering how CFC is going to find customers, especially in CA. The only solution (partial) I would say is to steal good customers away from elsewhere. But how?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Me thinks it's the ATT CEO coming out saying people aren't paying their bills that sort of triggered the end of the day sell off, or at least that's what the news is saying.

 

Just for fun. I called countrywide to quote me on the best available rates as of today. Person on the phone was actually pretty nice and surprisingly told me to stay put (just checking if they would try to talk me into cashing out equity, etc)

 

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Ouch. Wondering when and if conformings drop below 5% will happen

 

Just wondering how CFC is going to find customers, especially in CA. The only solution (partial) I would say is to steal good customers away from elsewhere. But how?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Me thinks it's the ATT CEO coming out saying people aren't paying their bills that sort of triggered the end of the day sell off, or at least that's what the news is saying.

 

Just for fun. I called countrywide to quote me on the best available rates as of today. Person on the phone was actually pretty nice and surprisingly told me to stay put (just checking if they would try to talk me into cashing out equity, etc)

 

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Ouch. Wondering when and if conformings drop below 5% will happen

 

Just wondering how CFC is going to find customers, especially in CA. The only solution (partial) I would say is to steal good customers away from elsewhere. But how?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[kev374]

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Those are ridiculous LTVs, how many people have 35% down?

[kev374]

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Those are ridiculous LTVs, how many people have 35% down?

[kev374]

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Those are ridiculous LTVs, how many people have 35% down?

[kev374]

$600k jumbo, 0 points, 65% ltv with fico 780+, full doc, 7.635%

$417k conforming, 0.5 points, 46% ltv with fico 780+, full doc, 5.625%

Those are ridiculous LTVs, how many people have 35% down?

[Author]

Posts