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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: Jim McMannis who wrote (896)	6/21/2007 1:31:03 PM
From: John Vosilla	Read Replies (1) of 1718

Yeah XLF breakdown is worry some. I hold my longs if Intel and GE can hold their recent breakouts. Holding longs in the right sectors versus puts related to financials is the question of the day? I can't do both at the same time. Wouldn't be prudent.. My discussion with Dale questions whether the big Wall Street money managers have a clue as to how bad and widespread this housing/mortgage downturn is and will be.. You think if someone put out a press release that average home prices in Florida a state of 18 million are really down near 30% already (not the bogus low single digit BS) it would shock the market? No way they have discounted this<g>

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