I’m shorting my first stock in three an…

I’m shorting my first stock in three and a half years, right now, as I hit the shortsell button on Lender Processing Services (LPS) in the thinkorswim.com account I’m managing my personal account from.  With a stock price up 15% year-to-date, an LPS short offers the most effective equity exposure for playing the next leg of the housing mess. Shorting banks while they’ve been given a license to hide losses and print money by borrowing for nothing from the discount window has been a break-even proposition for us, despite the booming markets. I think we have an even purer play on the mortgage fraud/robo-signing/foreclosure fraud mess. As usual — easy does it…taking a very small toe-hold of a position for now.