FIG trader_

Delta Financial: A Cut Above Other Subprime Lenders

Surely this must have been written with comical intent. It is little solace that investors have lost only 25% of their money in the last month, versus 50% to 75% in the case of the triplets, FMT, NEW and NFI. Sure you say, from your September call, the stock is flat. Congrats, but this stock is going much lower as well. Its $9 support level is tenuous at best; First stop is $7, next stop is probably circa $2. Look at the longer term multi-year chart, show the trading volume and look at the institutional liquidation of the stock in process. Sorry to be so harsh, but I am trying to save you money. That sucking sound is ABS market removing liquidity as we speak.