The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who started this subject	7/20/2001 7:17:23 AM
From: AugustWest	Read Replies (2) of 306849

Dood, WTF to do? I beem short PHMmost recently for a few months at just over 44. I blew off the trade in the 37 range now I'm under water? UFB how they spend on homes. I guess what I'm gonna do is wait until it hits 50 or a new high and short some more. I have at least a one year time horizon here, don't want to trade it(highly unlike me), but freaking have to howell out a sympathetic laugh every time it puts me under water. BTW, the most recent run I believe was due to Greenspan's comments at the HH testimony, BWTFDIK. BTW, PHM earnings 24th. I suspect they will look good, and no weakness in sight. Might have to wait a day or two after that to average up in my position.

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