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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	2/13/2002 3:21:43 PM
From: Joe Stocks	of 787

COF- Mike, Indeed COF looks interesting. I don't know if you recall but over at AOL I was suggesting shorting PVN and MXT back last July-August because they were very pricey and catering to high risk loan exposure. COF would have been third on my list but PVN and MXT were so much worse that I didn't bother. I had forgotten about them but it is a very interesting idea. Doug Noland of the Credit Bubble Bulletin mentions them often. Some of their numbers are out of this world. Send out like sveral billion of those credit apps each year. Amazing that they can package those loans to sell. Joe

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