Tuesday, June 26, 2007

UPDATE 1-Countrywide falls on rumors of subprime probe

(Reuters) - Shares of the Calabasas, California-based company began to
decline on increased volume around 2 p.m. EDT. A report on
theflyonthewall.com attributed the decline to "unconfirmed
chatter of a subprime loan investigation."




Paul Foster, an options strategist at theflyonthewall.com,
said the volume stemmed from the rumors about a probe.


Read more at Reuters.com Mergers News

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