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To: Bill Wexler who wrote (3208)	1/9/2008 2:25:27 AM
From: RockyBalboa	of 6212

Good luck. While CFC is no AHeM, it is in a precarious situation too. I did buy some IMB earlier which promptly rose a few days only to give all back and go under 6 in sympathy with CFC... Etrad...looks like it is being dismantled. The only difference to Refco which fell to 0 is that e trade had a name. Given the current malaise and the coming fess up by many large banks ...about the size of their credit losses, I think that we have not seen the bottom yet. I rather look for more candidates with mortgage investments on their books to short. Maybe, if the fed elects to cut 50bp in mid January I buy something. Until then I want to see what kind of maximum pain is imposed to the market.

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To: Bill Wexler who wrote (3208)	1/9/2008 1:29:18 PM
From: RockyBalboa	of 6212

Some kind of negativity... fitz bits: -------------------------------------------------------------------------------- There is absolutely nothing to like about Countrywide -- unless you are short the stock. Over the past couple of months, I've received countless emails from folks who were considering buying CFC because it had bottomed. Folks, zero is a bottom. Everything above that level is suspect. Why do you want to try to catch the bottom of a company run by a guy who lies around in a tanning bed every day? Just take your licking and keep on ticking ... somewhere else. -------------------------------------------------------------------------------- E*Trade is just further along the same road that CFC is running. Don't fight this trend by being a hero. Buying now could turn out to be the trade of the century ... or not. (I suspect ... "not.") biz.yahoo.com

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