Tagged: SubPrime Lenders

Caveat Emptor…Countrywide Financial

Great article today by Brett Arends at TheStreet . Best part: An observation: Back in March, when the market first started panicking about the mortgage slump, Countrywide stock was still trading around $35. I wrote in this space about the fact that Mozilo and other insiders were shoveling stock out the door on an heroic …

Financials – NO! OY! YUCK! ZOINK!

Wow – what a mess. It’s like an airplane urinal after a coast to coast flight. Today, we got the first ‘give up’ an admission that a lender just can’t make it. I love their name – American Home Lenders (AHM). They sure lent. Like I always quote from Seinfeld – ‘You know how to …

San Jose for the day….AND – ADOBE is poised

Come by and visit Wallstrip – Adam, Eddie and I will be yapping Wallstrip from 1-30 to 3-30 t the San Jose Convention Center from Jeff Pulver’s Network2.tv booth. Looks like a good day for some of Wallstrip’s tech stocks. Apple launches their TV, Nuance climbs above 15 and Adobe is nipping at all-time highs. …

Give it to me Fremont

Booking a quick 20 percent gain on Fremont here at $7.50 and will let the other half ride now. Easily double digits if the news subsides for a few days. Eagerly checking my sources to see if Fremont has ability to do some loans they have in the pipeline. If so, I will sell the …

The Subprime Blame Game

We are all Subprime borrowers at some level of debt. Just ask Suze Orman :) . We have ourselves to blame first and foremost for the mess. Two years ago, I realized I was stressed about our big house. It was not so much the payment, it was the other monthly crap. The house owned …

SubZERO for SubPrime

Oh my. New Century (NEW) is done and that was a given when it hit $5 a week ago and lot’s of people including me called that (Stock was $60 a year ago) Tom Brown is a big boy but he is being shellacked here and he is not the only one. Today they took …