So Much For American Home Mortgage (AHM)

In March I believed that American Home Mortgage (AHM) was safe from the subprime fallout and I wrote positively about the stock on March 18th. I wouldn't touch the stock now. I did say to realize profits on March 21st. I admit I was wrong about AHM and in today's current environment I wouldn't touch any stock that has a residential mortgage unit.

Some Stocks to Avoid

• Annaly Mortgage (NLY)
  
• Countrywide (CFC)
• Freemont General (FMT)
  
• Impac Mortgage Holdings (IMH)
• NovaStar (NFI)
  
• Redwood Trust (RWT)
• Thornburg Mortgage (TMA)
• Wells Fargo (WFC)

Note: I have no position in any of the above stocks.

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Read More... [Source: Big Ben's Investing Blog]