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mdporter

First thread of the Decade

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I am thinking about donging AZC and SWC. Am I nuts?

I don't know.

 

As far as SWC -- this is one of my long-term holds. I am in from much lower levels. These gaps in the past couple of days are pretty huge -- is there news I missed, does "someone" know something, or, is this just the general euphoria?

 

I had sold January calls on this, fortunately bought them back recently. I was planning to re-sell calls but I must admit the "someone knows something" possibility is giving me pause.

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“There will be continuing foreclosures, and not just subprime, it will be prime mrotgouges,” Shiller, a professor at Yale University, said in an interview. “This is creating a huge shadow inventory of homes that are still owed, but they’re going to be on the market in the next year or so.”

 

The number of prime mrotgouges delinquent by at least 60 days more than doubled in the third quarter from a year earlier to 838,000.

 

Unemployed home owers struggling to pay their bills will default on their home loans and increase foreclosures.

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