Thursday, March 08, 2007

HAG: subprime

Significant, tangible bankruptcy fears entered the subnprime lending market a few days ago. Today's trading signaled pure panic. Since the shares of New Century are so volatile, only a 1/4 position is purchased.

MA, bought yesterday, is sold for a 3.05% profit. EMC is held over. No other buys are made today.

Accounting tomorrow.

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