Showing posts with label dia. Show all posts
Showing posts with label dia. Show all posts

March 03, 2007

Give us your top five housing crash short plays

Here's my five


Countrywide (CFC)
Accredited Home Lenders (LEND)
Fisrt Fed Financial (FED)
Fannie Mae (FNM)
Homebuilders Index (XHB)

Of course, shorting is a very dangerous game - you can lose everything, especially if you take out put options (which I prefer to shorting). But with the writing on the wall, ask yourself, if you're in the market, why not make money off of companies with bad business models or terrible future prospects? Why be long 100% of the time with the rest of the sheeple?


Note: I'm short CFC and LEND today