Those monkeys are very smart. The stock has been beaten down and the shorts have made a huge killing. Thats big money in chimp lingo. The stock bumped up because of earnings news and continued to rise as investors covered their short positions. Traders seeing an opportunity jumped on the long bandwagon and are riding a nice wave, up 31% so far today. That being said the company and whole sector is deep in the shitter. Expect profit taking tomorrow as traders will continue to play Countrywide up and down.
The NYSE is open Saturdays now?
Who knew?
Thanks
CA Stu