I got my start in radio as Top-40 disc jockey in the 70's, and for a while I also worked for a station that played Big Bands and Standards and enjoy much of the music from that era. Fortunately, I smelled the writing on the wall and realized the better career track was in news and thank God I jumped over to the news side of the business, or I would have ended up like the guy in the Harry Chapin tune W.O.L.D.
Old Perry and his hit Catch A Falling Star comes to mind. Change the Name to Catch a Falling KNIFE to descibe the activity that some are engaging in by thinking now's the time to pick up shares in subprime lenders.
Accredited Home Lenders (LEND) is up 3% today ahead of earnings tomorrow. Ahead earnings the analyst at STFL keeps his rating at HOLD but sure isn't telling anyone to do any bottom fishing (or knife catching). The analyst says the chance of a takeover is small. It should also be noted that the LEND Feb options straddle is trading at more than twice its theoretical value.