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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MoneyPenny who wrote (55898)6/12/2006 10:11:44 PM
From: renovatorRead Replies (1) of 306849
 
The Booyah Bunch instantly cranked up the after hours by 53 cents. One of Cramer's big reasons to buy is the buyback program--"They just bought 2 million shares at 21, they will buy more now. There is no way they will let this go below 18!"

Interesting that he published basically the same view in a piece on RealMoney at 10:50 in the morning today. That may have helped pull this up from the depths but it sure did not move it much. I was pleased to get filled on an ambitiously priced sell order for a few Sep 30 puts during the early am dip. I try not to carry puts too long after they go deep in the money, even leaps. I find it is much more useful to cash them out and either lever up to more contracts at a lower strike or just take some off the table which was the case today. WCI is still my largest short positon. Unfortunately I have to send half to my futures account to help pad out my metals margin, sheesh.
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