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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Doc Bones who wrote (2507)	8/6/2007 8:25:15 AM
From: RockyBalboa	Respond to of 6370

Thanks Doc. yet not as good as CFC, and IMB percentage wise. But an uncrowded stock with little publicity. IMBs short interest is 5 times that high. CFC says it has 46B in short term and 186.5B in total liquidity, enough to weather the storm. Stock modestly up, I reassess... By the way AHeM gave up the ghost, it filed. AP American Home Mortgage Files Chapter 11 Monday August 6, 8:15 am ET American Home Mortgage Files for Chapter 11 Bankruptcy Protection NEW YORK (AP) -- American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of a mortgage industry that has plunged into distress. The Melville, N.Y.-based mortgage lender asked a court in Wilmington, Del. for Chapter 11 bankruptcy protection from its lenders. The filing follows a week of turmoil for the 10th-biggest U.S. home lender. Ten days ago, American Home Mortgage froze the 70 cent-per-share dividend scheduled to be paid that day. Last week, American Home Mortgage said many of its lenders wanted their money back, and said it was unable to deliver as much as $800 million for mortgage loans promised to home buyers. The company said late last week it planned to lay off almost 90 percent of its 7,000 employees. The stock market had already anticipated that the company was likely to go bankrupt. The company's shares, which closed 2006 at more than $35, tumbled to 69 cents on Friday. In premarket trading Monday, the stock fell 20 cents, or 28.1 percent, to 50 cents. American Home Mortgage's 40 biggest creditors include virtually all of Wall Street. The company's three biggest creditors are Deutsche Bank AG, Wilmington Trust Co., and JPMorgan Chase & Co. The company hired the law firm Young Conaway Stargatt & Taylor LLP as general bankruptcy counsel. American Home Mortgage also hired Stephen F. Cooper to be chief restructuring officer. Cooper was also chief restructuring officer for Enron Corp.

To: Doc Bones who wrote (2507)	8/6/2007 12:26:50 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 6370

God, they die like gadflies, one-day wonders: LUM Luminent an odd one, a DOA made to short? 8/6/2007 10:14:57 LUM LUMINENT MTG CAP INC C T1 8/6/2007 09:35:19 AHM AMER HOME MTG INVT C T1 8/6/2007 09:30:40 AHM$B AMER HM MTG B C T1 8/6/2007 09:30:28 AHM$A AMERICAN HOME MTG PF C T1 8/6/2007 09:10:20 IFOX Infocrossing Inc N T3 8/6/2007 09:45:00 09:50:00 8/3/2007 16:00:59 HMB-A HOMEBANC CORP SRS A C D 8/6/2007 8/3/2007 16:00:33 HMB HOMEBANC CORP C D 8/6/2007