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

To: Paul Senior who wrote (28829)	11/5/2007 7:44:57 PM
From: Madharry	Read Replies (1) \| Respond to of 78688

right now i have the opposite side with my puts but thats ok.

To: Paul Senior who wrote (28829)	11/5/2007 7:47:35 PM
From: Madharry	Respond to of 78688

right now i have the opposite side with my puts but thats ok. my portfolio down today as mfcaf skidded all the way down to $8 from $9.60 but brink's mogif is up over 10% again.

To: Paul Senior who wrote (28829)	11/6/2007 7:24:29 AM
From: Madharry	Respond to of 78688

The average delinquency rate for subprime bonds sold from May 1999 through June 2006 is 19.3 percent as of yesterday, according to data compiled by Bloomberg. Among the top 20 issuers that have more than $5 billion outstanding, Goldman's GSAMP ranks ninth with 21.7 percent for delinquencies of 60 days or more, foreclosures or real estate that has been taken away from borrowers. Higher Delinquencies That rate is higher than for JPMorgan, with 20.8, and Citigroup, with 19.9 percent, according to data compiled by Bloomberg through October. Goldman's delinquency rate is lower than the 26.2 percent for bonds in Deutsche Bank AG's ACE trust, as well as 25.1 percent for Barclays Capital's SABR and 23.8 percent for Merrill Lynch's MLMI. One of Goldman's bonds, GSAMP 2006-HE2 B2, is valued at 47 cents on the dollar, to yield 14.5 percent, according to Merrill Lynch. The pool, which was sold March 1, 2006, already has a delinquency rate of 16.4 percent. The bond was cut five levels from investment-grade Baa2 to a junk rating of B1 on Oct. 11 by Moody's Investors Service. as mr. tal said the 2006s have not reset yet.

To: Paul Senior who wrote (28829)	11/6/2007 10:39:25 AM
From: Madharry	Read Replies (1) \| Respond to of 78688

oh well i didnt take my own advice to wait till thanksgiving and averaged down into falling knife CCRT. I cant understand why its been beaten up so unless its because a major holder is facing liquidity issues and is being forced to sell shares. on the conference call they said they have only $12million more in possible losses on their subprime mortgage investment. I think this is a case of a baby being thrown out with bathwater . chk and coswf moving up nicely today. i had to sell my lev stub to meet a cash call from the inept etrade.