This one is easy. We will now short Countywide Financial CFC. This seems awfully late to the party, but this blog is less than a month old and this thing is going to zero. I was in and out of CFC from the forties. The last time I was short the rumor that Warren Buffet was buying them was being spread and I was st oped out. I told my friends at the time that it was a scam. It was the specialist who probably spread the rumor to support CFC at $17.00 the price paid by Bank of America when they dumped $2 billion into it. I said they were desperate and they were.
Sell short 1/2 position CFC @ 8.65
That Giant Sucking Sound
