So Much For American Home Mortgage (AHM) (AHM, rated SELL)
Posted on August 02, 2007 at 05:31 AM EDT
In March I believed that American Home Mortgage ( AHM ) was safe from the subprime fallout and I wrote positively about the stock on March 18th . I wouldn't touch the stock now. I did say to realize profits on March 21st . I admit I was wrong about AHM and in today's current environment I wouldn't touch any stock that has a residential mortgage unit. Some Stocks to Avoid Annaly Mortgage ( NLY ) Countrywide ( CFC ) Freemont General ( FMT ) Impac Mortgage Holdings ( IMH ) NovaStar ( NFI ) Redwood Trust ( RWT ) Thornburg Mortgage ( TMA ) Wells Fargo ( WFC ) Note: I have no position in any of the above stocks. ','subtitle>',$line); echo $line; $line = "\n"; } else if (strstr($line, ' <entry www else="" if="" atom=""> </entry>