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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (1164)	3/12/2007 2:52:17 PM
From: Davy Crockett	Respond to of 4080

trading suspended... New Century Financial Corp. (NEW) disclosed early Monday morning that all of its bank lenders are pulling their funding to the beleaguered home lender and it doesn't expect to meet the repayment demands by its creditors. The admission likely will edge it closer to *bankruptcy court or an outright liquidation.* Its shares, which have plunged 90% so far this year amid disclosures of a criminal inquiry as well as worsening financial conditions, are currently being halted pending news. siliconinvestor.com ouch!