Well, Countrywide was making a fortune writing “toilet paper”, so I shorted them in 06, along with WAMU, and several others.
So you went through that TORTURE also...sitting there, month after month, trying to figure out why the hell their stock wouldn’t collapse. If you were like me, you started having self-doubts: Surely I cannot be smarter than the professional investors...they must know something that I don’t (and don’t call me Shirley). But then “the day” finally came, and they were toast. I also was in WAMU, but got cold feet when E-Trade itself started to get wobbly because they had bought into sub-primes. I still made some money on WAMU and others...and wound up buying a nice are.
Thank you Countrywide, for making my dreams come true.