Had not herd the 12 cents estimate, but makes perfect sense. FFF is essentially a non-bank lender - they have a heap of brokers around the country who sell loans. The broker gets a cut as does FFF. They have billions under loans and make a profit as well - can not understand why its being sold at present. Big volumes again today, this has been going on for nearly a week so someone is reducing their holding. Hopefully it will recover after the selling stops. I got some more at 7 cents based on the volumes being traded, but it went south from there. I will hold on till 10 cents is reached and then start to reduce my holding till 16 cents and then get out. Spring has seen home loan brokers writing soem more business, so hope it continues.
Note: Posts for entertainment purposes only.
FFF Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
