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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Smiling Bob who wrote (84724)8/11/2007 5:05:44 PM
From: Think4YourselfRead Replies (1) of 306849
 
Just think about the guys who covered LEND Friday because they didn't want to be short going into the weekend. They have to be kicking themselves!

As for the longs with trailing sell stops, don't expect a fill at that stop. Only good news is that the tightest stop should get a slightly better fill price.

LEND is done. I would be very surprised if they don't file for bankruptcy protection this week. The potential of the Lone Star deal was the only thing allowing them to keep their doors open.
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