Andrew Horowitz

Capital One: A Different Short Case

Forrest:

Interesting. COF DID go to mid 30's and I do not recall predicting 20's, so please DO NOT mis-quote. If you do find some reference to a $20 target, I would like to see and will gladly apologize.

Started discussing in March about credit companies, was I right? YES! COF was $50 or so when I first discussed. Timing was early, but come on and give some credit. A you are not a client and we do not discuss client trading ( just some general overviews) You need to be careful when you speak with such authority.

And yes, we covered some, but profited and on PUTs nicely along the way as well. While I should have stuck with general view of the company, ther was a risk management plan in place, so that if the price moved away, we do not get burned. This is why I stay away from usless commentary without fact.

Your points are not backed up by any fact. The author here does present some good data. AND, to be honest, the NY scene is a major concern.

Unless you are client (which you are not) you cannot have information about this matter, so kindly take your false and biased commentary somewhere else. If you listen to the podcast or read the blog, also, the above would have been what we discussed.

If you would have shorted when I mentioned on the first, second, third....tenth time, you would be up anywhere from 10-15% now, at the low, 30%.

It has become like the old noisy message boards over here. Need to rethink SA....

Andrew