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The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
By the way, where can I buy one of those texting dictionaries?![]()
OTOH on the other hand
SIO sit it out
BTTT ????
Folks,
Can it get worse? something to think about as we mull over what's happening.
I'm not good at timing daily volatility, so I'm going to sit tight until we see something significant happen one way or the other. It looks like today may have confirmed a retest.
Actually, Countrywide wouldn't be a bad investment right now if you had some Vegas money....
Folks,
If your still considering country wide as the catalyst of doom for Friday - it tanked another 8.11% again today - I'm not sure how much worse country wide can get - it's now down from around $45 a few months ago to $14.
Can it get worse? something to think about as we mull over what's happening.
Yes, it could go to zero.![]()
How about they decide to delay reporting Friday? You heard it here first.![]()
It's P/E ratio is now down to 3.58 it's selling at 13.82 and it's projected EPS is -1.1.
So at this stage of the game, the value of CFC is all in speculation of it's ability to fix it's problems.
Does it matter if it comes in a few pennies high or low? Countrywide is smacked for the quarter anyway. I'm not sure that their earnings are going to be relevant by Friday at least in terms of it's ability to move the larger market.
The longer we sit at this level and churn the less likely I am to step to the side, the technical picture is providing the bottom we need for a move up.
It's not the earnings I'm worried about. It's the news that comes out explaining the earnings results.
Are you worried that they will blame some moron on the board, or the chief moron? - because with one rat jumping ship today, I think the market has now priced in this news.
If they fired Mozilo, the stock would probably pick up 10% in a day
However, don't forget that I was the one who pointed out a "bullish outside day" formation right before the S-Fund tanked to the tune of -2.63% last Friday... :embarrest: