Luminent Mortgage Capital, Inc. (LUMC)

yalenewb (95.66) Submitted: 8/01/07 6:02 AM : Start Price: $7.87 LUMC Score: 67.90

no way this sector out performs the market, an argument could be made for shorting almost the entire sector. Cramer advises buying puts on about every mortgage and housing play out there. But at the very least will underperofm the market.

Subprime iproblems are working up to Alt-A, market is in shambles and ppl still havent seen how far up the scale the problems are giogn to go.

Problems for real estate are giong to be huge, even if you are trying ot find the one or 2 that will withstand the blasting the market itself will overperform this real estate glut that is appraching for 2 years

you do not want to acquire these securites, and whats mroe you dont want to have them to begin with

Report this Post Replies: 0 | Reply