Thursday, May 7, 2009

Short Capital One (COF) at $27

I cannot believe Capital One is up over 20% today and is now up almost 400% from 2 months ago when credit card debt is the next shoe to drop (along with commercial real estate).

This was a $7 stock and I believe that is a fair price for it! Couldnt stop myself from shorting it today (with June puts)

1 comment:

  1. You don't think your gazillion shares of FAZ is short financials enough? ;)

    I guess its good to have a theme.

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