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countrywide financial bancruptcy option question

Participants:

Posts: 11

JEFFMARKETCAP

Legend

Joined: Nov, 2002

Posts: 56322

Posted: Jan. 7, 2008 - 8:13 PM ET #1

If you thought this company was going bankrupt in the next year, what option would you take??

boiler-room

Banned

Joined: Sep, 2007

Posts: 1389

Posted: Jan. 7, 2008 - 8:16 PM ET #2

it is getting taken over

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Jan. 7, 2008 - 8:58 PM ET #3

The highest strike that would make you the most money. Look for the value strike and go with it..further out the better.

Whats the tip Jeff?

JEFFMARKETCAP

Legend

Joined: Nov, 2002

Posts: 56322

Posted: Jan. 8, 2008 - 12:59 AM ET #4

No tip, just know more bad news coming. My buddy is a branch manager for chase. He doesn't know any inside info but thinks it is worth taking a stab at this company going under. He thinks more bad news is coming. Just curious what would be the best option for this. he thinks 1-2 years. HOpe it doesn't get taken over

StiflersMom

Rookie

Joined: Apr, 2007

Posts: 682

Posted: Jan. 8, 2008 - 5:59 PM ET #5

They are paying absurd CD rates right now... use the bankruptcy to your advantage. I just put in the minimum 10 K in a 6 month and I think its 5.45 % if I'm not mistaken. Can't beat that.

-Stifler