Go to this webiste and read the 10K that the company came out with
after the close.  You will be amazed that this company is still even
around

http://investors.accredhome.com (then click on SEC filings)

I am floored at how bad things are.  There is NO WAY this deal gets
done by lone star....NO WAY.  They do not want any of LENDs paper.
The company is worthless and will go under by the end of August...no
question about it. One margain call and there done.  Thats if NASDAQ
doesnt D-list them first.

I had no idea!!

10k went in this morning. The release of the inside info is what
dropped the bottom today.
Farrallon, via options, already owns LEND's Paper.  Loanstar would own
the servicing and origination platform.
If they renog. a tender offer to about 6 a share, they would have
accomplished their plan of picking up the  company at true fire sale
price. They may have made the smart move pushing the original offer up
to 15.10 considering they already assume some of the company's bad
debt. They would owe that diff to themselves.

If the infrastructure value of LEND holds up, Lonestar would still
come out on top. They just did the same thing with the Bank of South
Korea. just keep an eye of for the big B word in LEND's future, i
think someone said earlier -one margin call would do it.then it's all
to the can.

make people think your fish are going to be fresh, take orders, sell
the whole boatload to an investor, and let someone else deliver the
rotten meat. welcome to mergers and acq.

Your a smart guy, Let someone else deliver the rotten meat. LOL. I
bought it at close to 4 and I sold it
at 15 before this disaster started. I'm in the clear. My wife is a
HAPPY CAMPER. There's more puppies to seek out.

I was short this stock and got burned.  NOw Im long and this thing is
about to go higher.

BTW I lost almost K on this this AM.

Dude,

cover right now.  Im telling you.  Im trying to save you
money......COVER RIGHT NOW

Ouch!

Really? sorry to hear that. In my post i was noting that Lonestar's
interest is always going to be to push the price upwards. At the same
time, you've gotta be really dead set on a company to fail to short
them after yesterday's drop. Unless you hear of some federal
indictment or something, most stocks that tank one day will show a
small rally over the next few days a investors look to buy at lower
than book value price.

I wouldn't say that this is a long option either though..  a little
too bouncy at the moment, and the housing sector will suffer for the
next 12-18 months...
i say if you short, take the option at 5.10-5.15, if you're trying to
go long i think you'll cap at about 9.5...

i made a cool 30k with LEND in April-May...
here we go again