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

To: The Reaper who wrote (2757)	9/7/2007 11:40:10 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Doesnt happen. With what, one may ask? Resembles recent CFC sucker rallye.

To: The Reaper who wrote (2757)	10/15/2007 1:54:25 PM
From: RockyBalboa	Respond to of 6370

IMB, like CFC forgave me a lot of bad executions. Like this one: Message 23861588 Even after the cuts and the rally going on, the IMB stock languishes at 18.40, well below my last ill timed short sale addition. It must be bad, otherwise theres no explanation of recent CFC IMB price action. As I type, both CFC and IMB trade at 18.30

To: The Reaper who wrote (2757)	10/15/2007 1:59:04 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Unbelievable..... AP Countrywide CEO Exercises Options Monday October 15, 1:04 pm ET Countrywide Financial CEO Angelo R. Mozilo Exercises Options for 139,916 Shares NEW YORK (AP) -- The chairman and chief executive of troubled mortgage lender Countrywide Financial Corp. exercised options for 139,916 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Friday. The timing of Angelo R. Mozilo's stock sales faces possible scrutiny by the Securities and Exchange Commission after the state treasurer of North Carolina raised questions about changes to his arranged stock selling program last week. The changes, which were made in the months before the company's stock plunged, allowed Mozilo to significantly increase his sales of Countrywide shares. Countrywide's shares have fallen more than 50 percent since January as the nation's mortgage crisis has ballooned. In a Form 4 filed with the SEC Friday, Mozilo reported he exercised the options Friday for $9.94 apiece and then sold all 139,916 of them on the same day for $18.38 apiece. The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction. Countrywide is based in Calabasas, Calif.

To: The Reaper who wrote (2757)	11/6/2007 3:26:52 PM
From: RockyBalboa	Respond to of 6370

Reuters - IndyMac loss dwarfs own forecast Tuesday November 6, 12:57 pm ET By Jonathan Stempel NEW YORK (Reuters) - IndyMac Bancorp Inc (NYSE:IMB - News), one of the largest independent U.S. mortgage lenders, on Tuesday posted a quarterly loss more than five times larger than it had projected, hurt by mounting delinquencies and a collapse in demand to buy its home loans. The company halved its dividend, as expected, and said another cut was possible if it keeps losing money. "It's going to be a tough year, year-and-a-half," Chief Executive Michael Perry said on a conference call. IndyMac shares were nevertheless up $1.33, or 10.4 percent, at $14.10 in afternoon trading after the parent of IndyMac Bank, one of the nation's largest savings and loans, said it had enough liquidity to ride out the housing slump. The stock is still down more than two-thirds this year. The third-quarter net loss for the Pasadena, California-based company totaled $202.7 million, or $2.77 per share, compared with year-earlier profit of $86.2 million, or $1.19 per share. This was IndyMac's first quarterly loss since the fourth quarter of 1998. Excluding items, the loss was $2.74 per share, according to Reuters Estimates, six times the analysts' average forecast for a loss of 46 cents. IndyMac on September 7 had forecast a loss of nil to 50 cents per share. "Conditions in mortgage markets are deteriorating so rapidly that management guidance often becomes obsolete nearly as soon as they publish or report it," wrote Lehman Brothers Inc analyst Bruce Harting. "IndyMac demonstrates the point." He rates IndyMac "underweight," but said its $1.3 billion capital cushion appeared sufficient to weather six quarters like the third quarter before regulators become concerned. IndyMac joined Countrywide Financial Corp (NYSE:CFC - News) and GMAC's Residential Capital LLC among big independent lenders to report large quarterly losses. DIVIDEND CUT POSSIBLE The thrift used to specialize in "Alt-A" home loans, which often go to people who can't fully document income or assets. As investors stopped buying these loans, IndyMac transformed itself to emphasize smaller, safer loans that government-sponsored enterprises Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) will buy. Countrywide did the same, and GMAC has also slashed volume of lower-quality loans. "This credit market clearly has challenged us and tested us like we've never been tested before," Perry said. "We (also) got slammed by the complete closure of the non-GSE market." IndyMac reduced its quarterly stock dividend to 25 cents per share from 50 cents. Perry called another large cut "prudent" if IndyMac isn't profitable in the fourth quarter. He said IndyMac might be "modestly profitable" or lose money in the fourth quarter and in 2008, but said quarterly losses should be substantially below the third quarter's. The company said it had ended September with a Tier 1 core capital ratio of 7.48 percent, above the 5.00 percent level that regulators consider "well-capitalized." IndyMac also said it had raised operating liquidity to a record $6.3 billion, helped by a $5 billion jump in deposits since June. Pretax credit losses quadrupled from the second quarter to $407.7 million, while losses from the sale of mortgages totaled $167.2 million. Results also reflected costs to eliminate 1,547 jobs, as well as hedging gains. Quarterly mortgage production fell 30 percent to $16.8 billion. Fourth-quarter production may total $12.4 billion, Perry said. IndyMac ended September with $16.8 billion of deposits and $33.7 billion of assets.

To: The Reaper who wrote (2757)	1/19/2008 8:38:27 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Lecoursiere also lowered his fourth-quarter estimate to a loss of $5.07 per share from a loss of 24 cents per share and his 2008 estimate to a loss of $1.63 per share from a loss of 35 cents per share. Analysts polled by Thomson Financial, on average, anticipate a loss of $1.57 per share in the quarter and a loss of 13 cents per share in 2008. ... "Despite the stock's 62 percent decline since reporting 2007 third-quarter results, we do not believe the current price adequately reflects the inherent risk." ... Shares tumbled 32 cents, or 6.8 percent, to $4.42 Friday. Shares have traded between $3.95 and $40.80 in the past 12 months. IndyMac Shares Fall on Price Target Cut Friday January 18, 7:35 pm ET IndyMac Bancorp Shares Fall After Analyst Slashes Price Target, Earnings Estimates biz.yahoo.com

To: The Reaper who wrote (2757)	6/26/2008 3:28:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

IMB $0.80

To: The Reaper who wrote (2757)	7/8/2008 3:27:36 PM
From: RockyBalboa	Respond to of 6370

IMB for a chuckle: the price target is cut to 0 from 1: Struggling IndyMac says depositors pulling cash Tuesday July 8, 2:55 pm ET By Jonathan Stempel NEW YORK (Reuters) - IndyMac Bancorp Inc (NYSE:IMB - News) on Tuesday said depositors were withdrawing cash at an "elevated" pace after a prominent U.S. senator recently questioned the big mortgage lender's ability to survive the U.S. housing crisis. Shares of the largest independent, publicly traded U.S. mortgage lender fell as much as 52 percent. Paul Miller, a Friedman, Billings, Ramsey & Co analyst, said shareholders could be wiped out, and cut his price target for the parent of the IndyMac Bank thrift to zero per share from $1.00. biz.yahoo.com