Monday, October 15, 2007

Mortgage Finance Stocks Break Down



Last Wednesday I commented that the Mortgage Finance stocks looked heavy and that a move down was likely, well that's exactly what we are seeing take place right now.

Over the past few days the MFX index has fallen and is approaching the year low. I think we'll see further weakness in this group of stocks as money continues to leave. How much lower lower will these stocks go down? I don't know but I have a few of them short. We'll see what happens.

5 comments:

Kevin said...

what are some of the stocks in there, Kev?

Lawrence Chiu said...

see this link
http://www.phlx.com/products/MFX_KRXresearch.pdf

page 9

Kevin said...

Thanks for posting that link Lawrence.

Sandro said...

Kevin, your post last Wed made me money.

Thanks!!!

cheesefries said...

Kevin,
I swear if you posted everyday on your blog I would be a millionaire.

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