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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: quehubo who wrote (35493)10/3/2004 11:36:26 PM
From: energyplay  Read Replies (2) of 206334
 
OT/ Shorting CA home builders --

1) California economy is highly export oriented (state is a net exporter), and drop in USD will be positive for many industriess.

2) California economy is improving. Think of the Google IPO for Northern California, increased defense spending for all the Southern California defense companies.

3) California continues to be a destination for immigrants - software writers, rock stars, and a wide spectrum of people.
Many of them bring money. Ozzy Osbourne's bass player is going to buy a house.

3) KBH specifically has extensive operations in France, a drop in the USD vs. The Euro would make in European profits larger. They are also smart enough to hedge any foreign currency exposure short term. If they have bought Euro assets and have overweight debt in USD, they could make a killing...

I think the analogy to Krispy Kreme Doughnuts is a good one - you can be waiting a LONG time....
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