Was New Century heavily shorted in Dec 2007?
Thoughts?
Thoughts?
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In December 2006... oops.
what makes you think so?
the reason i ask if because of the precipitous fall in the share price as of this morning. seeing the situation in hindsight, it appears that the sub-prime mortgage market meltdown could have been anticipated and therefore subprime lending companies like New Century get shorted.
shit yes it was
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