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

To: James Hutton who wrote (141410)	8/15/2008 10:05:10 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>Anybody shorting the RTH? Retailers run is beyond stupid. <<< I am still holding a short on Ross Stores (ROST). Bad call on my part, but I made a lot selling puts against it on its rise. I will have most of it "put away" away at $40 tomorrow. I am looking to enter a healthy retailer short...like JCPenny or the RTH as you mentioned. Talking heads are all saying the bottom is in the rear view. I sure don't think so. Recall that there have been about four mini-bulls in the home builders on the way down from the '05 peaks. Simple fools thinking they are making a bottom and that all the losses will be recovered in the next six months.