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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (214969)	8/10/2009 8:00:20 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 306849

Yes was an easy short fell back to 1.18 quickly, before some new bids were posted. Back up again now, AIG like PD. The FRE / FNM price differential should likely not exist, i think Most of the stuff spiked high, AIG printed 29s but that looked shallow. Also C ventured briefly over 4 then retraced. I don´t see the huge gap up which many have predicted for today. Perennial dog YM Biosciences also gapping up.

To: Fiscally Conservative who wrote (214969)	8/10/2009 8:14:17 AM
From: RockyBalboa	Read Replies (3) \| Respond to of 306849

>>>>>>>>>>>>> OCN trading off rights so the shareprice is misleading by $5: In reading the Information Statement, it would appear that OCN shareholders are to receive 1 share of ASPSV for each 3 OCN shares and the record date was earlier this week. Since ASPSV closed at $16 on Friday, this provided value equal to $5.33 per OCN share which, when added to the OCN closing price of $13.41, provides a total per share value of $18.74. I did not see the ASPSV shares hit my brokerage account yet (I believe the shares are to be distributed Monday), but to the extent the ex date has come and gone, I am assuming the OCN shares trading Friday at $13.41 exclude the value of the ASPSV shares since people buying OCN on Friday will not be getting them. >>>>>>>>>>>>>>>>>>> But Another servicer, Ocwen Financial Corp., was found in 2004 to be engaged in illegal, unsafe and unsound collection practices. Ocwen settled with regulators by promising to comply with laws on foreclosure and debt collection and to try to find out if homeowners had insurance before charging them for its own, costlier insurance. Ocwen, which is in line to receive up to $553.4 million from the Treasury, faces a federal class-action complaint for harassing homeowners with excessive phone calls, charging illegal fees and adding unnecessary insurance premiums to borrowers' bills.