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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From: ChanceIs	8/3/2006 2:47:13 PM
	Read Replies (5) of 306849

Someone here suggested that JOE is manipulated. I don't place much stock in such statements. But I am slightly shocked that JOE has run up almost 25% in three days on horrible earnings, a reduced outlook going forward, and as far as I can tell, no change (to the upside) in the fundamentals. Perhaps we are looking at an engineered short squeeze. Do you suppose that the hedge funds are trying to shake out all the shorts in weak hands, so they can have them all to themselves as JOE runs down to $20. You know, short a bunch and hold them, then buy a bunch to force the weak kneed shorts to buy to cover, and then borrow those shares and short them tomorrow. Who knows. But hey!!!! The FED is about to pause. Jump in with both feet.

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