Shorting Banks ? Bad move IMHO as I have posted on the CDM folder. Fixed interest loans about to roll over en masse...finance coys and brokers will get a share, but the banks will almost be able to double their margins. Why short them ? The SP moves of banks over the last few days would also tend to agree with me..... CDO has been a very poor investment, will below average results (given that they were supposed to relish and thrive in the current volatile environment), and have very limited liquidity and opportunity to exit at the float price. Lots of promises in the early days which have found to be severely wanting !
CDO Price at posting:
$2.33 Sentiment: Hold Disclosure: Held
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