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6 pts

Opinion on  Firstfed Financial Corp. (FED)     Sector: Financial  >  Industry: S&Ls/Savings Banks
Possible Squeeze

Dec 20, 2008 04:41 PM GMT
Return Risk
+203.85% LOW
Analyst

Although I can not guarantee a short squeeze on FED, with heavy Volumes like today's and the price still moving up despite frantic short selling, it seems to me that many stock holders are doubling down as I predicted they would.  This will pose some problems for shorters if they have to fulfill a margin call and that could send this baby up, up, and away!!! Barring that I still see this as a buy and my original price range for selling is still 3.50 to 4.00.

FED:  This call was made on 12/20/08 @ $2.19
Rating:   Positive   $2.19 (12/20/08)
Gain/Loss:   +121.00% in 340 days
Target:   $3.50 (+59.82%) in < two weeks


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Locationh   61%     1 point   commented 339 days ago reply

Why note look at NYB. The fifth largest thrift in the nation.
Great dividend and options to play. FED is a risk at this level considering options but I will admit it may be one worth taking except for what I just heard in the news regarding Californias financial situation (State). You may want to reconsider.

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