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Fieldstone has me in a FICCle

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February 16, 2007 – Comments (0)

The bid today for Fieldstone Investment (FICC) is a good reminder of two things:

1) Once there is a lot of agreement on a stock/industry (in this case that it was lousy) often the biggest move you'll see is if it heads against you.

2) Shorting is NOT for the faint of heart.

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