Subprime Lenders – Trends End

Let’s take a look at Subprime lender Novastar Financial (NFI).

I guess if you are short, the trend has been great.

I don’t short so take a look at the stock from the long side. Here is the historical chart . Buy and forget is not strategy.

From 2001 to 2004, the stock rose 30 times. Today it’s given most of that back. If you still own this stock, please put your money in the mattress and close your stock accounts. You are dangerous.

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