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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (115)	7/20/2001 9:32:19 AM
From: GraceZ	Read Replies (2) \| Respond to of 306849

I watch this port just for laughs. (not to make light of your situation- been there, done that) I have about twenty hypothetical long ports plugged in SI and every one of them would have been spectacular shorts. This one was set up as a short and it would have been a great long port. The only thing I can say about the strength therein is that all the money that the Fed is pumping out has to show up somewhere in inflated assets. It's not showing up in the stock market, so it's showing up in the housing market. Real estate has always been a pretty decent inflation hedge.

To: AugustWest who wrote (115)	7/20/2001 10:52:59 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

AW, I feel your pain! I'm underwater by a couple of points on LEN. They've been unstoppable. I think AG's comments helped 'em as did the housing starts number (which was widely reported). The new building permits number was a little slack though.... My model for what the homebuilders will look like is none other than the OSX, another very cyclical sector. When they fall, it's going to be fast with not a lot of good entries provided. Probably best to keep a core position and wait for news (ie, the earnings releases of BZH and PHM, both scheduled for next week) before adding more and slowly averaging in. If you've got a HUGE position now, consider "buying down to the sleeping point" and averaging up later. Regards Patron