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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (962)	7/20/2007 12:40:56 PM
From: Jerome	Read Replies (4) \| Respond to of 5891

AHM and Hedge Fund manipulation..... Yesterday AHM tanks on the rumor that its lines of credit had been curtailed. But lets consider this possibility. Mortgage lenders are in cross hairs of Fed. Regulators. AHM HAS ONLY 54 MILLION SHARES OUTSTANDING 34.9% of shares outstanding are short AHM is trading at 50% of book value Insiders own l8% of the stock I believe that various hedge funds set up a short position in AHM, and then started the rumor about a credit facility being cancelled. This panicked the market of AHM and other mortgage lenders. The short position in AHM became very, very profitable. Now rumors are hard to trace and repeating them is not a crime, although the results are near criminal. I still own AHM....Jerome