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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12496)6/23/2003 4:56:45 PM
From: Bucky Katt  Read Replies (1) of 13094
 
Jim, the greater fool theory is in full force in the housing sector.
My sister, 2 of her pals and I formed a partnership a few years ago and bought up some real old houses in the Wrigleyville/Lakeview neighborhoods, and we are flipping them (>210%) to developers who are tearing them down and putting up 3 flat condos, which are very hot in those areas right now.
We didn't do a damn thing to these old houses, just collected rent and waited.
Shazam!

Bottom line, people are totally nuts.

Does that mean we'll all run around snapping pictures of everything? : >

Maybe we will all start eating some decent food
and cut the US rates of heart attacks & cancer?
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