today is very big ........

I thought you sold out of POZN?

I have an order in for more at 16.70 but no fill as of yet..

Pretty shaky trading for the past week actually.

It is mainly why I feel the upside might be limited even WITH an approval.

wall - is there  upside for anything? AHM reopening tanked the mkt at 2pm

sca mbi abk mtg ras ahm

subprimes...now moving onto alt-a's and some lower primes

scary times my friend...dont get left holding the bag

WOW...AHM going under, no doubt about it. Must be why FMT is tanking too..they probably fall under too.

Funny you say that..

I was just looking at CFC and IMB about 2 minutes ago thinking to myself that at some point these guys are good strong buys..but the news is too fresh and the time isnt right.

Also thinking stocks like HLIT who reported good earnings and margin growth are selling off.

Reminds me just a little of our prop trading days where they sell the market into the close..

Problem is the market isnt pricing in ANYTHING at these levels...there isnt fear, people arent selling hard..this is light volume low percentage drops.

I am flush with cash, but have been for a long time as you know..lol

I agree with you about alt-a loans..but the larger issue is the Fed and them filling the pool with our currency which makes all these issues not that important. We will never know when the Fed is done flooding the market, but rates sure arent telling me they have stopped or even slowed up at all.       

the fed said yesterday that they wont rush to the markets rescue....theyd rather let this sort out on its own

Koaj,

Yep and the lenders keep falling..

CFC down again, IMB down again..

What could be interesting is to see if the larger players get nailed..Frfeddy especially.

bsc has a nother hedge fund not involved in subprimes that has major financing issues

RAS is getting smoked, lost $ in AHM

AHM also owes money to mear, merrill, lehman etc  and has no cash to pay them