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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Carl Worth who wrote (22929)12/31/2005 11:14:49 PM
From: Paul Senior  Respond to of 78702
 
Carl Worth, nice to read a positive opinion on homebuilder SPF. Fwiw - not much - here's a recap of on my SPF posts.

Fwiw, my core position was established in '98. With more in 8/'99.

Message 6218364

I see I added some 1/'04, and a little more 4/'04.
Message 19669915

Message 20076015

On 4/6/05, when I said I was considering buying more SPF:
Message 21204541

I actually sold a little on 4/15/05. I don't understand why that post and my file records don't match. Maybe I forgot to file a trade or something changed quickly wherein I decided to sell. Anyway,
turns out that 4/15/05 was a near-term low, so I should have bought and not have sold

finance.yahoo.com
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Agree with you on how these land owner stocks can double that quickly. (And otherwise remain near dormant for years). I believe that doubling's what happened with ALCO after a bullish article in Barron's in 2001:

finance.yahoo.com

I've had a couple others, smaller land holders, that popped similarly sharply when they suddenly received buyout offers.
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Happy New Year all and best wishes!



To: Carl Worth who wrote (22929)2/7/2006 10:27:09 PM
From: Paul Senior  Read Replies (2) | Respond to of 78702
 
Upped my homebuilder SPF position by a few shares. Who would want to buy homebuilders, especially now? "Everybody" either avoids them or is short them, it seems.

For me it's not a matter of want or not want, belief or disbelief. The sector is among the least expensive of any that I follow. So I will add shares of what seems to me to be a cheap stock in that sector.