Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (56253)	3/20/2006 12:13:22 PM
From: Ramsey Su	Read Replies (3) \| Respond to of 110194

ild, I have not really targeted any banks nor the big boys in particular. The subprimes are better targets because I believe the 2/28 model, as well as the current mortgage securitization market, are flawed. This weekend as I was looking through the display ads in the real estate section of the SD Union, I noticed that there are not that many detached projects. Most of the ads are for condos and condo conversions. One project was advertising something like $250,000 if close in 7 days, $260,000 if close in 14 days and $270,000 if close in 45 days. That seems to be telling me that some of these condo developers/converters are starting to be desperate for cash flow. I am looking at FMT now because of their exposure to construction loans. I am also looking to see what NDE is about. Unfortunately, I leave for Japan end of this week and may miss end of qtr earnings guidance which may be coming out next week.