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Oct

22

Covering my ANH short

October 22, 2007 | Leave a Comment

This morning I covered my ANH short at $6.49. After doing a bit more work over the weekend on the company, I realized that the information (from Reuters) was not entirely up to date because most of the company’s book invested in non-Agency MBS was a part of Belvedere Trust and had already been written off. Therefore, given that the company’s book is almost entirely composed of Agency MBS, I no longer see more writeoffs in the cards. […]

Continue Reading Covering my ANH short