Monday, December 17, 2007

Alert CFC

Country wide is trading at it's lows. A break here could send it down to the pink sheets, but I smell a scam. The specialist may nock the ask down to stop everyone out in order to pick up some cheap shares for himself. This is options expiration week. The calls on country are cheap about 40 cents. The entire market seems to be very heavy. Is it a trap? I don't know the answer to that but know what to do here. We are short 1/4 position CFC 8.65. Let's fill that position out.

Sell short 75 shares CFC @ 9.61

Buy 1 Dec. 10 call CFCLB ask @ .30

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