Like most traders today, most of the pro…
Like most traders today, most of the profits on our sheets today come from our shortside bets. Things continue to heat up for LPS, which is now down about $4 per share in the last couple weeks. I expect to stay short LPS for a long time as I expect that someday the stock would be worthless and the company completely shut down for things like this:
“MERS has attempted to undermine my authority as Register of Deeds and in doing so has violated state property laws,” O’Brien wrote in a March 10 letter to state Attorney General Martha Coakley. “MERS must be made to pay back the fees that are owed to the Commonwealth of Massachusetts but also and equally as important to repair the chain of title of property and restore the integrity of the land recordation systems both here and across the country.”
And see, our short, LPS runs MERs essentially. Here’s the full article. Tip of the iceberg, baby – http://timesherald.com/articles/2011/04/16/news/doc4da9eaa4bf424177922372.txt?viewmode=fullstory
No trades today. I’m okay with that. Back at the close.
