November 15, 2007

Countrywide Financial

George Soros bought 1.8 million shares of CFC in the third quarter. Does he know something I don't? I see no reason that CFC should be more than a penny stock. I have already been proven right when I was shocked at the big jump they took after Mozilo foresaw profits coming in 4Q07. The stock is lower than it was before that jump.

But, now BofA and Soros have sunk large amounts of cash into CFC so....???? What's the dealio?

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