ROTFL

Anyone recognize that guy? I posted briefly about this "top bank analyst" back in July of last year after hearing about his hedge fund "Second Curve Capital" that had been heavily invested in the most toxic of subprime lenders at the very top. As the financials topped and tanked this dude remained very bullish and invested in the likes of NEW (bankrupt), FMB (crushed), LEND (gone), CCRT (new multi year lows today) and others. I thought that CCRT looked like a great short at $34 especially considering "CompuCredit was one of Second Curve's largest holdings at the end of 2006." Guess I figured they'd need to dump it in order to raise capital following bankruptcies in their other holdings. CCRT dropped like a rock and now sits around $5.

Anyways, back on Feb. 27th of 2007 he said: "Given the level of investor panic surrounding the subprime borrower lately, I'm feeling very greedy regarding subprime lenders these days, and am especially greedy over subprime-mortgage lenders. This is one of those times in investing, I believe, when it will pay to be very, very aggressive." He thought it would pay to be aggressively buying sub-prime lenders a year ago!! And now he is calling the bottomagain? ROTFL