Posts tagged as:

bankruptcy

Ouch! Getting slammed in CFC

January 8, 2008 by Ryan Barr

Ouch!  Rumors are flying today that Countrywide Financial is going to file for bankruptcy!  The stock has just be slaughtered today – CFC(0.00 +0.00). Well, I’m quite happy now that I didn’t actually sell those puts.  It would be an ugly margin day in the account as we would be covering all of the intrinsic [...]

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