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

To: Peter V who wrote (110784)	3/17/2008 2:39:25 AM
From: Oblomov	Read Replies (4) \| Respond to of 306849

Heh heh... margin calls leading to more selling, but of what? A potential clue from stockpickr.com: People owning BSC also tend to own: ABT AMX AUY BAP BRK.B BVF CM Cramer picks and Buffett faves, would be my guess...

To: Peter V who wrote (110784)	3/17/2008 6:12:40 AM
From: Mike Johnston	Read Replies (2) \| Respond to of 306849

How about all those people who bought the 186 MILLION shares of BSC on Friday? Perhaps they were " book value" bottom fishers. In the old days book value was pretty much a floor under a financial stock. BSC had stated book value of $84 per share. But these days, with Level 3 assets, fraud, off balance sheet debts, lack of transparency and fantasy accounting, you cannot trust anything, you cannot trust AAA rating, cannot trust book value or even stated cash on the balance sheet. Russ Winter said last week " buy the lie, lose your a..". These people bought the lie and are going to lose. I am waiting for all those who are buying the "no inflation" lie to lose big.