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 : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: HoodBuilder who wrote (10361)	8/8/2006 7:06:50 AM
From: Smiling Bob	Respond to of 19256

Welcome. I am in complete agreement that HBs are a long way from the bottom. We're just beginning to see the weed-strewn lots with half-buried "New Homes Coming" signs laid flat. Sales and price increases were generated with generous credit given to anyone with a signature. The flippers and speculators who accounted for a significant part of the euphoric rise are gone. Now there's at least 4-5 years of fat that needs to be cut. I am sitting in some puts that were hit by the recent bounce. Will be adding as Fed news is digested. Though at this point, it's not just the rates that are hurting HBs. If that were the argument, we're still near historical lows.