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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: Zeddie88 who wrote (476)	6/1/2005 6:57:27 AM
From: Walkingshadow	of 4814

Here's one that is heading for a critical test in a critical sector: BZH stockcharts.com[w,a]dacayyay[dd][pb50!a55.50][vc60][iLg!Lp14,3,3]&pref=G 139.142.147.218 I see some disturbing signs here...this one bears watching. There's a lot of potential repercussions here. BZH like most stocks in its sector is heavily leveraged; major debt here ($1.15 billion, over half its market cap, and only $16 million in the bank). Also heavily shorted (27% of float), which might be at least part of the reason it has been kept afloat lately. If the homebuilding sector turns over, that will have no small effect on the financial sector. But the real concern is the real estate markets. There are rumblings there that could eventually lead to a prolonged downturn in several markets----equities, fixed income and real estate. I don't think this will develop any time soon, but the whole scenario is eerily reminiscent of earlier disasters. T

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