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: Perspective who wrote (200345)	5/5/2009 3:30:57 PM
From: John Koligman	Read Replies (1) of 306849

Interesting thing is, some of the largest recent percentage gains on the long side have been in many of the issues MOST leveraged and in trouble on the debt side. Any whiff of news and they soar. Look at the casino issues for example - MGM was $1.81 a couple weeks back, then some news hit that they have received additional financing for City Centre, and presto, trading at $13.30 today. Same with LVS - $1.38 in early March, $11.52 today. Even the retail short poster boy CROX, has gone from a buck to almost $4 today, and that's with a statement from it's auditors expressing doubt that CROX can continue as a 'going concern'. Bigger money on the long side than the short side in percentage terms if you can catch most of these moves... Regards, John

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