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CFC is getting hammered


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#1 hedgehawk

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Posted 16 August 2007 - 07:19 AM

CFC looks like it is getting close to a buy now in the teens. Anyone have ideas on an entry point?

#2 Sentient Being

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Posted 16 August 2007 - 07:50 AM

CFC looks like it is getting close to a buy now in the teens. Anyone have ideas on an entry point?


Just after they declare bankruptcy maybe? :D
In the end we retain from our studies only that which we practically apply.

~ Johann Wolfgang Von Goethe ~

#3 thespookyone

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Posted 16 August 2007 - 08:07 AM

Probably a great short entry right here.

#4 TTHQ Staff

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Posted 16 August 2007 - 08:42 AM

I think he brings up a good point, and although I know it's the side of the coin no one seems to be looking at, doesn't it seem that once all of the competition is wiped out--- that the last ones standing are going to make a killing?

http://stockcharts.c...7727&r=1853.png

http://stockcharts.c...48557&r=436.png

http://stockcharts.c...4181&r=5067.png

http://stockcharts.c...2461&r=1616.png

http://stockcharts.c...2998&r=3247.png

http://stockcharts.c...7862&r=1885.png

Funny thing... if you do a Google for 'bankruptcy' and 'mortgage broker' you get a lot of results regarding lenders getting loans for customers who've had a bankruptcy. I think those results will change soon enough to reflect the lenders having the bankruptcy.