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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (9084)	3/17/2008 9:10:24 AM
From: robert b furman	Read Replies (1) \| Respond to of 33421

Hi Hawk, You bet. If the mortgage goes bad - repo it and auction it off. Usually at least 25 -35 percent of the mortgage is the land value. As the accounting fiasco unwinds,there is real value that is being discarded by the fear factor. Forbes may be onto something - it at least pulls out the panic. There is real value on all of the properties - many of which have real people living in them and paying real money to satisfy the loan. Fed needs to sterilyze the loans and put liquidity back to the process. The fact that risk has been repriced will no doubt impact face value of loans until payout is achieved. Much like owning a bond that had a rate hike depress its value. Ride it till maturity and you get back face value. BWDIK Bob

To: Hawkmoon who wrote (9084)	3/17/2008 10:10:19 AM
From: nspolar	Read Replies (1) \| Respond to of 33421

JPM buys BSC for 2 dollars a share. A real steal or a lousy deal? My assumption that C hits near 12 dollars a share before it bottoms. An equivalent real deal for a private investor? Imo it is certainly possible. C waves are mean and C is in a Big C wave, a really big C wave. These waves are usually caused by some excessive fear mechanism (imo) that begets more fear until it ends. Hence they stay in a tight set of trendlines until over, then reverse and ramp up out of the hole. SKF cleared 150 this morning, C left a gap. Probably another surprise or two coming for the falling knife action, then it will be over. If C hits my target area I am going to buy a bunch of leaps.