Profit Opportunity #1

[Coronita]

rseiser,

I have to applaud you on your honesty. My guess have always been that while in hindsight, everyone always thinks that “that was an obvious candidate for a short, and it would have been easy to follow it all the way down”. However, i think most humans don’t really hold on till the end, due to fear of risk and/or the gain achieved say at 30% convinces people to exit. My gut is that when one’s 30% up, they usually exit some portion (if not all). Myself, I admit that 25% gain is about my threshold when I start exiting, at 35%, I usually exit all but 20% of a position.

Well, anyway, I’m going to play contrarian here, and bought a position in CFC at 17.8 today. Hoping for a dead cat bounce in the next couple of days.

[Coronita]

rseiser,

I have to applaud you on your honesty. My guess have always been that while in hindsight, everyone always thinks that “that was an obvious candidate for a short, and it would have been easy to follow it all the way down”. However, i think most humans don’t really hold on till the end, due to fear of risk and/or the gain achieved say at 30% convinces people to exit. My gut is that when one’s 30% up, they usually exit some portion (if not all). Myself, I admit that 25% gain is about my threshold when I start exiting, at 35%, I usually exit all but 20% of a position.

Well, anyway, I’m going to play contrarian here, and bought a position in CFC at 17.8 today. Hoping for a dead cat bounce in the next couple of days.

[Coronita]

rseiser,

I have to applaud you on your honesty. My guess have always been that while in hindsight, everyone always thinks that “that was an obvious candidate for a short, and it would have been easy to follow it all the way down”. However, i think most humans don’t really hold on till the end, due to fear of risk and/or the gain achieved say at 30% convinces people to exit. My gut is that when one’s 30% up, they usually exit some portion (if not all). Myself, I admit that 25% gain is about my threshold when I start exiting, at 35%, I usually exit all but 20% of a position.

Well, anyway, I’m going to play contrarian here, and bought a position in CFC at 17.8 today. Hoping for a dead cat bounce in the next couple of days.

[Anonymous]

You guys are over-analyzing the shorting. It was clear by the end of 2005 that the downward slide was starting, and homebuilders and subprime lenders were obvious short candidates.

The key is patience, you can’t freak out every time there is a short squeeze and the market goes up 10-20%. I was confident that at some point the meltdown we are now experiencing was going to happen, just have to stick to your guns.

As I said a year ago, shorting this market was the “No-Brainer” of the century.

[Anonymous]

You guys are over-analyzing the shorting. It was clear by the end of 2005 that the downward slide was starting, and homebuilders and subprime lenders were obvious short candidates.

The key is patience, you can’t freak out every time there is a short squeeze and the market goes up 10-20%. I was confident that at some point the meltdown we are now experiencing was going to happen, just have to stick to your guns.

As I said a year ago, shorting this market was the “No-Brainer” of the century.

[Anonymous]

You guys are over-analyzing the shorting. It was clear by the end of 2005 that the downward slide was starting, and homebuilders and subprime lenders were obvious short candidates.

The key is patience, you can’t freak out every time there is a short squeeze and the market goes up 10-20%. I was confident that at some point the meltdown we are now experiencing was going to happen, just have to stick to your guns.

As I said a year ago, shorting this market was the “No-Brainer” of the century.

[Anonymous]

Since people are re-starting “classic threads” I thought I would bring this one back again to let everybody enjoy. It always brings a tear to my eyes at least.

Particularly relevant is that LEND (Accredited Lending) officially closed their doors last week, saw the article in the UT. Although for all practical purposes, they were finished in 2007.

I never understood why Lonestar purchased them back in 07, that was good money down the toilet.

[Anonymous]

Since people are re-starting “classic threads” I thought I would bring this one back again to let everybody enjoy. It always brings a tear to my eyes at least.

Particularly relevant is that LEND (Accredited Lending) officially closed their doors last week, saw the article in the UT. Although for all practical purposes, they were finished in 2007.

I never understood why Lonestar purchased them back in 07, that was good money down the toilet.

[Anonymous]

Since people are re-starting “classic threads” I thought I would bring this one back again to let everybody enjoy. It always brings a tear to my eyes at least.

Particularly relevant is that LEND (Accredited Lending) officially closed their doors last week, saw the article in the UT. Although for all practical purposes, they were finished in 2007.

I never understood why Lonestar purchased them back in 07, that was good money down the toilet.

[Anonymous]

Since people are re-starting “classic threads” I thought I would bring this one back again to let everybody enjoy. It always brings a tear to my eyes at least.

Particularly relevant is that LEND (Accredited Lending) officially closed their doors last week, saw the article in the UT. Although for all practical purposes, they were finished in 2007.

I never understood why Lonestar purchased them back in 07, that was good money down the toilet.

[Anonymous]

Since people are re-starting “classic threads” I thought I would bring this one back again to let everybody enjoy. It always brings a tear to my eyes at least.

Particularly relevant is that LEND (Accredited Lending) officially closed their doors last week, saw the article in the UT. Although for all practical purposes, they were finished in 2007.

I never understood why Lonestar purchased them back in 07, that was good money down the toilet.

[Author]

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