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July 25, 2007


Stock Du Jour (CFC) & Random Observations

Selling from the get-go that accelerated fairly dramatically in the afternoon. Action reminds me of June 7 and to a lesser extent May 24.

Notable New Lows: Huge number of things to choose from led by Countrywide Financial (CFC) … Homebuilders, dozens of “Bancorps,” UTStarcom (UTSI) — now under $4; Netflix (NFLX). There have to “deep value” investors interested in many of the Regional Banks that have fallen by half over the last year — maybe I’m just not anticipating dramatic enough earnings disappointments?

Notable New Highs: An extremely short list to choose from — Biogen (BIIB), Checkpoint Software (CHKP), Third Wave (TWTI), and the UltraShort Real Estate ETF (SRS) (first featured on June 21).

I’ll feature a monthly chart from Countrywide Financial (CFC), which was today’s mover and shaker.

CFC

This entry was posted on Wednesday, July 25th, 2007 at 7:46 am (utc+8) and is filed under Trading and Investing.

3 Responses to “Stock Du Jour (CFC) & Random Observations”

  1. W.C. Varones said:
    July 25th, 2007 at 12:57 pm

    We’ve been short CFC for months. Join us!

  2. C. Maoxian said:
    July 25th, 2007 at 3:39 pm

    W.C.: The Chairman frowns on self-promotional comments but last night he had a particularly good massage so he’s in a good mood and let it slide (this time).

  3. W.C. Varones said:
    August 5th, 2007 at 10:02 am

    Hey, it was good advice, wasn’t it?

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