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February 10, 2007


Nothing NEW about High-Risk Lending

You may recall my post from early last December, Subprime Mortgage Lenders’ Submerging Share Prices. I featured LEND’s chart then and mentioned NEW, and now I’m featuring NEW’s chart after its recent blow-up. (Go back and read the comments which a reader (and mortgage broker) emailed me at the time.)

No one strictly following the trend on the weekly chart could have been hurt in NEW since it turned down decisively last November — the market gave its verdict on these subprime mortgage lenders many months ago.

NEW

This entry was posted on Saturday, February 10th, 2007 at 1:47 pm (utc+8) and is filed under Trading and Investing.

3 Responses to “Nothing NEW about High-Risk Lending”

  1. Maoxian » All Fusion Abruptly Stops: NovaStar Implodes said:
    February 24th, 2007 at 3:28 pm

    […] Following my recent post about NEW and last December’s post about LEND, let’s look at the latest catastrophe: NFI. (Kudos to Herbie who has been critical of NFI for years — A for persistence, F for timing.) […]

  2. Maoxian » Notable New Lows said:
    March 6th, 2007 at 10:52 am

    […] Nothing NEW about High-Risk Lending (Feb. 10, 2007) […]

  3. Maoxian » Ripping Shareholders a NEW One said:
    March 13th, 2007 at 8:48 am

    […] Related: Nothing NEW about High-Risk Lending Cat:  […]

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