Thursday, March 08, 2007
Quick Alert: Sub-Prime Lenders Fuck the Rally
Via CNBC, NEW is rumored to be fucked, via bankruptcy.
Should these rumors turn out to be false, I propose demolishing the building CNBC broadcasts out of.
Keep holding your shorts. They may come in handy.
Should these rumors turn out to be false, I propose demolishing the building CNBC broadcasts out of.
Keep holding your shorts. They may come in handy.
Comments:
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Wow, 25% instant drop on a rumor. Makes you wonder if someone fed them this rumor waited 20 minutes and started buying at $3.80 for a quick bounce. People are playing both sides with this turd.
VG infringed on VZ patents, love that. Anyday Citron is fucked is a happy one for me. ATHR seems to be guiding down handset numbers in SF today. Bear had this nonsense out earlier in the week: "Firm revises down their liquidation analysis (from $10/$11 to $8/$9) to reflect new information from the co's 12b-25 filing, and expect the stock to trade toward this level as the odds of bankruptcy appear to have increased."
Liq value at 8? not bloody likely.
Liq value at 8? not bloody likely.
Goldman Sachs probably started the rumor about NEW and as it dropped they were buying the NEW portfoilio for .35 on the dollar.
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