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Old 01-09-2008, 11:37 AM   #1
keithsan
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Default CFC under 5 bucks.

look. this looks really cheap.

Anyways, picked up some Jan calls, they expire in 10 days and sell at worth.

basically this means strike price of 2.5 is selling at 2.5 when the price is 5.00, so if it expires at 5.00 you get your 2.5 back..... if it bounces could be a nice banger. I'm in 2.45 current bid is 2.35. So I need it to expire at 4.95 to be break even....

we shall see only bought a couple as this tirds been beat up.


+CFCAQ is symbol
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Old 01-09-2008, 07:53 PM   #2
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now 5.22 here not sure what it closed at...
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Old 01-10-2008, 01:21 PM   #3
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BEING B0UGHT BY BANK OF AMERICA WEEEEEEEEEEEEEEEEEEEEEEEEEEEE

8 bucks and counting!!!!
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Old 01-10-2008, 05:35 PM   #4
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Shweeeeeeeeet!
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Old 01-11-2008, 12:05 PM   #5
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Shweeeeeeeeet!

dumped everything here 6.6 didn't really care for the deal. seems like BAC paid way under value, wanted to give it 1/2 a day see if we looked to close the gap but we didn't.

anyways nice profit on stock and calls but lost some being greedy- shoulda sold at 8 bux yesterday figured there was a chance of BAC playing closer to book but that didnt happen.

ohhhh welll better than I expect in general about 50% on stock and calls up near 80% gain.
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Old 01-11-2008, 04:20 PM   #6
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I was scared for you when the house of cards came down today- market is so skittish on all things mortgage related lately.
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