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

To: Think4Yourself who wrote (84893)	8/12/2007 9:25:54 PM
From: ChanceIs	Respond to of 306849

>>>Knowing how ugly it REALLY is, ..... easy to stay on track.<<< I would agree with that sentiment. The real problem with this "play" has been the when, not if. I experienced doubts and took the bait on two very painful head fakes: 1) the 50% home builder rise commensurate with the "FED pause - cut by November" last summer (I really got a chuckle out of that. I still think the next move will be upwards - at best flat for another six months. I was right but it hurt my purse.), and 2) Carl &#^% Ichan causing a rally/short squeeze in WCI - and its peer group. By in large I have down very well. Sold a good number of covering puts against the homies and banks - each a very profitable trade. But I SHOULDA* just let the horses run. Of course weak minds waste their time and emotional energy doing the 'woulda, coulda, shoulda' dance. I am a big Philadelphia Iggles fan. Coach Reid always says 'any win in the NFL is a good win.' So it is in the markets. Please allow my expression of joy that my account has been up every day the last two weeks. A lot of $ billion/annum hedge fund managers would like to be able to say that.