Countrywide profit tumbles 33%

[anxvariety]

“Yeah, I’m lovin the August 32.50 puts I bought yesterday. The BSC puts are performing favorably as well. This could very well be the day the indexes begin to collapse.”

That’s when I bought as well.. I had a bunch of Jan 08’s but I wanted more volatility since I thought earnings were going to be bad. I sold half this morning for +165% and the other half just before the close managed to get just above 200% @ $3.50 or .10c below the high.

I’m thinking tomorrow we might see a 2-3% jump, and at that point I’m looking to get back into some Jan 32 or maybe even 25s!

Keep an eye on the KBH puts too.. I bought some 20s quite a bit out of the money, and they’re up just a little over 100% in the last 3 trading days.

[anxvariety]

“Yeah, I’m lovin the August 32.50 puts I bought yesterday. The BSC puts are performing favorably as well. This could very well be the day the indexes begin to collapse.”

That’s when I bought as well.. I had a bunch of Jan 08’s but I wanted more volatility since I thought earnings were going to be bad. I sold half this morning for +165% and the other half just before the close managed to get just above 200% @ $3.50 or .10c below the high.

I’m thinking tomorrow we might see a 2-3% jump, and at that point I’m looking to get back into some Jan 32 or maybe even 25s!

Keep an eye on the KBH puts too.. I bought some 20s quite a bit out of the money, and they’re up just a little over 100% in the last 3 trading days.

[capeman]

Keep an eye on the KBH puts too.. I bought some 20s quite a bit out of the money, and they're up just a little over 100% in the last 3 trading days.

Yeah, amazingly my KBH Jan 10s arose from the dead today by doubling.  Couldn't believe that one.  I haven't taken my CFCs off of the table yet but I will keep a close eye on them in the morning.  I just wish Stop limit orders were effective with options but no luck.  I believe that CFC is on the high speed train down to 20 but we'll see what kind of bandaid the bulls try to put over the obviously ailing market tomorrow. 

[capeman]

Keep an eye on the KBH puts too.. I bought some 20s quite a bit out of the money, and they're up just a little over 100% in the last 3 trading days.

Yeah, amazingly my KBH Jan 10s arose from the dead today by doubling.  Couldn't believe that one.  I haven't taken my CFCs off of the table yet but I will keep a close eye on them in the morning.  I just wish Stop limit orders were effective with options but no luck.  I believe that CFC is on the high speed train down to 20 but we'll see what kind of bandaid the bulls try to put over the obviously ailing market tomorrow. 

[sdrealtor]

Does anyone know anything about DEUTSCHE BANK? They seem to end up with the majority of the REO’s I see around SD.

[sdrealtor]

Does anyone know anything about DEUTSCHE BANK? They seem to end up with the majority of the REO’s I see around SD.

[anxvariety]

I believe that CFC is on the high speed train down to 20 but we’ll see what kind of bandaid the bulls try to put over the obviously ailing market tomorrow.

Yeah we shall see.. I’m thinking there will be a ‘everythings OK’ kind of movement tomorrow +1-3% which I will short into with Jan 08s… I guess that it’s going to see $15-20 by January.

[anxvariety]

I believe that CFC is on the high speed train down to 20 but we’ll see what kind of bandaid the bulls try to put over the obviously ailing market tomorrow.

Yeah we shall see.. I’m thinking there will be a ‘everythings OK’ kind of movement tomorrow +1-3% which I will short into with Jan 08s… I guess that it’s going to see $15-20 by January.

[HereWeGo]

I tried to lowball the CTX $40.00 Aug puts when the stock traded at $44 plus last Thurs. I wanted to pay .70, but the darn thing stayed around .80 and I didn’t budge. *POOF* 200%+ gain in 4 trading days gone.

Never let $10 a contract stand between you and a good bet. Greed kills.

Hope no one shorted the ultimate consumer-is-dead play, namely, Amazon. That would sting a bit.

[HereWeGo]

I tried to lowball the CTX $40.00 Aug puts when the stock traded at $44 plus last Thurs. I wanted to pay .70, but the darn thing stayed around .80 and I didn’t budge. *POOF* 200%+ gain in 4 trading days gone.

Never let $10 a contract stand between you and a good bet. Greed kills.

Hope no one shorted the ultimate consumer-is-dead play, namely, Amazon. That would sting a bit.

[drunkle]

so what are some foreclosure companies to bet long in?

[drunkle]

so what are some foreclosure companies to bet long in?

[capeman]

Yeah but if the after hours pricing on Amazon is in it’s near term future then as the economy goes I will short the hell out of AMZN. All time highs in this environment with P/E of 120+ is ripe for correction of the aggressive kind.

[capeman]

Yeah but if the after hours pricing on Amazon is in it’s near term future then as the economy goes I will short the hell out of AMZN. All time highs in this environment with P/E of 120+ is ripe for correction of the aggressive kind.

[kewp]

so what are some foreclosure companies to bet long in?

I’m looking at buying oily rag and kerosene futures, anticipating a growing arson market is SoCal.

(jeeze that was harsh even for me)

[Author]

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