Burry is selling off on their longterm short position so be careful where you think this is going. As soon as thier shares sre sold into the market this thing should tank. earnings are very poor, downgrade etc... they are also riding countrywide coatails for the day ... be careful
Down grade no big deal. Earning is not bad as all, if you take out the reserve around 80 million dollar, their earning would be around 0.75/share, if you listen to their CC, by the end of the quarter, number of claim is essitially the same as 2nd quarter around 7500. I kick my butt by not listening the CC during the day yesterday.