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

To: bozwood who wrote (57868)	7/17/2006 1:49:40 PM
From: Think4Yourself	Respond to of 306849

If Book Value actually DID mean anything then SPF was a steal at 27, and WCI was a great bargain at $24.80. They are now 22 and 16. I'll keep them as shorts as I am not quite THAT gullible :) For folks who think book value is a good indicator (probably no one who posts here), It SHOULD concern you that someone would point stocks like these out and yet be adamant about staying short. An alarm bell should be going off in your head saying "what do they know that I don't know?". They answer is that book value is meaningless in this industry at this time. Book values are going to go down hard over at least the next four quarters.