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

To: tdl4138 who wrote (79095)	6/7/2007 1:43:47 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

The fun is just beginning Many of these HBs are positioned for a long ride on the single digit express. I've thinned HB positions on this drop. Too infatuated with the overvaluation of RSH. That should be the mama of all implosions. edit RSH is where the HBs were 6 months ago. Too heavily shorted and too much inst. ownership to allow it to drop. I jumped in HBs too early and same with RSH, but I can't see it continuing this charade much longer. Not with the correction underway and the retailers starting to cry.