Kass Shorting WaMu (WM) On News of Tascofund Stake
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On CNBC, Doug Kass said he is shorting Washington Mutual Inc. (NYSE: WM) on news that Toscafund disclosed a 6% passive stake in the company.
Kass said Toscafund has had a position in the stock before at much higher prices and are likely averaging down.
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