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


To: ChanceIs who wrote (60476)8/22/2006 8:29:07 PM
From: saveslivesbydayRead Replies (2) | Respond to of 306849
 
Chancels;

I deviated from my standard vertical call spreads and bought Sept 27.5 puts in the middle of the day today. I know, it's a front month but I mean, c'mon... how anyone can spin a 3% rise on that earnings report? Sorry, IMO this stock won't stay over 25 for long, after existing home sales tomorrow and new home sales on Thursday...

We are deep into the tug of war between the just-wait-the-decline-is-just-beginning folks and the how-much-lower-can-they-go-they're-already-at-book-value crowd.

- Saves