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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (65192)	6/18/2005 4:08:24 AM
From: Taikun	Read Replies (1) \| Respond to of 74559

Jay, LOL! Did you see the 2 day chart on PHM? I saw it on the hedge blog and had to rerun it. bigcharts.marketwatch.com Looks like a bunch o bears flip flopped Friday morning. Now they're all long. I guess we have to wait until the sector is truly invincible before putting the shorts and puts back on. I'm happy I unwound some Puts at the beginning of June, but I was too scared to go long. Message 21389125 Finally the yellow metal and black gold are really beginning to perform the way they should this late in the cycle. There was a session on CNBC today where they discussed people 'market timing their house'. A few excerpt from the USA Today story: • Penny Dorneman, 47, and her husband, sold their three-bedroom ranch in Milford, Conn., banked the $128,000 profit and now rent a two-bedroom, $2,885-a-month apartment in Boston. "We have a lovely nest egg," she says. "Like us, people are saying, 'Let's sell now and buy again after the bubble bursts.' " • Art Munson, 64, of Toluca Lake, Calif., recalls not being able to sell a home during a tough patch for real estate in the early '90s. He sold a home recently for nine times what he paid for it in 1979. He now rents a two-bedroom apartment for $2,500 a month. "I felt like it was time to go." • Roberta Murphy, a sales associate at Windermere Exclusive Properties in La Costa, Calif., says a client sold his house after a job transfer and will "stay cool for a while" before deciding whether to reinvest the $255,000 profit in another house. • A client of Coldwell Bank agent Terrence Cook, worried that prices are nearing a top, recently put his Sarasota, Fla., condo up for sale. For Ken Koegl, 63, a retiree from South Lake Tahoe, Calif., the idea of cashing out "just started going through my mind." A broker told him his main residence, bought in 1993, is worth $400,000 more today. Koegl, who owns three homes, isn't shying away from real estate, but thinking of selling and going back to Texas, where housing prices have posted modest gains. "I'll sell high and buy low," he says. usatoday.com Yep, buy low and sell high, except where do you sleep? Cheers, D