Something to keep in the back of your mind.
Country Wide (CFC) is on today's list of high volume leaders. I just happened to see it this afternoon. The stock is still plummeting. No surprise there. The current share price of $5 can easly lose another 50% (arbitrary %age). Defintely don't buy now hoping to sell in a month. I'm confident however that companies like these will turn around and become strong again in the long run. When it goes big, it will be huge. The catch is that you may be waiting yrs.
I'll be waiting until the stocks start to flatline and prepare for the rise before purchasing for the long term.
Two scary things:
1) The last time the stock was at $5, was back in 2000.
2) The stock was $32-40 for 4 yrs before this recent drop. There's not much volatility. Timing for this stock is everything.
Brian
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