LEND shutting down

[Tara430]

http://biz.yahoo.com/ap/070822/accredited_home_lenders_restructuring.html?.v=2

Good for people who trade options!:banana:

I bought 26 contracts that expire in December. Let's see how this works out.

 

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[MJ DeMarco]

Holy shit Tara good call ... what is your basis? LEND was one of my dog stocks that I predicted would implode ... I called that on LP almost 6 months ago!

 

[Tara430]

$3.80...I made money on that call you did 6 months ago. My portfolio was up over 200% but I did not just use LEND.

 

[randallg99]

http://biz.yahoo.com/ap/070822/accredited_home_lenders_restructuring.html?.v=2

Good for people who trade options!:banana:

I bought 26 contracts that expire in December. Let's see how this works out.

what kind of contracts did you buy? Are they calls, or puts? Sounds like you did good...

I used to own AHH-p (lend Preferreds) and did nicely with it... non-callable at 9.65% cost basis. Gladly sold at the right time when I saw the housing market starting to slow down several months back.

Good luck.

 

[Tara430]

I'm up 51% already w00t

 

[randallg99]

I'm up 51% already w00t

if you dont mind, what kind of trade are you doing?

 

[Tara430]

I'm trading puts.