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: Travis_Bickle who wrote (71520)	2/6/2007 11:55:40 AM
From: John Vosilla	Read Replies (2) of 306849

JOE amazing. Another breakout in the group. My puts bought just a couple of trading days ago in JOE and PMI plastered today. Incredible hit. Took the loss in PMI put it into SPF. DHI should take em all down from here at least in the near term. Are we even greater fools than the speculators in property by even attempting go play against the mafia? I remember some heated discussions here in the fall about JOE being on the ropes when the stock was in the low 40's. I thought it would recover some but not go to 52 week highs again within 5 months. I also remember reading books by Talbot and Roubino on the mortgage insurers getting wiped out in this downturn and yet they go to new all time highs today 15 months into the bust with prices down easily 15% in the most vulnerable bubble markets and record foreclosures ongoing in many other areas. Amazing how I can be right on the theory, hold off a long time based on technicals and still lose money.. Perhaps this is NASDAQ 2000 all over again as many here have been saying..

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