Monday, February 12, 2007

NFI is a good buy at 15 with a 14.49 stop

Dear Readers only few shares,,HA.. Or we do not talk.
If broken 15, 14 is quickly possible, that is where we buy few more shares. and then the stop is at 13.49. Again Only few shares less than 1% for me. I bought mine at 15.02, stopping at 14.89
Good Trading

2 comments:

cobbense said...

Boris,

LEND reports tomorrow (Feb. 14) morning, my guess is that it is somewhere in between NEW & NFI as far as potential troubles, and may well cause a renewed sell-off in all mortgage co's if it reports in any way negatively, which seems rather likely.

Timingwise thus, and as long as NFI has itself not even declared when it will report, it may be a little early to establish any significant long positions, though a nibble or two is not so out of the question.

As always, the early bird catches the worm, but risks being eaten by the snake.

Regards,

boris said...

Dear Cobbense, Well said. Agree 100% that nibbling is what needs to be done. Anybody byting will not talk to me(: :) Good Trading