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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (88734)9/13/2007 10:40:57 PM
From: THRead Replies (1) of 306849
 
John,

Is this plan still your current thinking?

I must admit, I thought it was a bold plan, and even considered following you.

I covered a bit too soon last month, and was expecting more of a bounce into the Fedhead blabfest. Now I'm not sure if I want to roll em next Tuesday AFTER the announcement.

My guess is only a 1/4. Any less and the market pukes, and the Fedheads are very cognizant of this potential. 1/2 might scare the bulls into a recognition phase that things are worse than they want to believe.

If this assumption is correct, then my guess is that a 1/4 does not ignite much of anything for the bulls, and consequently I do not get attractive short entries for any of my favorite sick puppies (aka homies, regional banks, and mortgage giants). Zero opportunity, except for the bold shorts that open positions at these relatively low levels. I'm too chicken for that game at the present time. I need to see more recognition of systemic weakness to know that general index weakness will be giving me a helping hand.

GT
TH
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