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

To: patron_anejo_por_favor who wrote (197015)	4/20/2009 11:10:35 AM
From: tejek	Read Replies (1) \| Respond to of 306849

What's your take on BPZ these days? Still a trade or is it worth starting to set up a buy and hold position on this pullback?

To: patron_anejo_por_favor who wrote (197015)	4/20/2009 1:38:25 PM
From: Perspective	Respond to of 306849

Yep, that wedge is now pretty cleanly broken. I was expecting some kind of wiggle back to retest the failure. Amazing how little bounce we've seen anywhere this morning. About the best was the NDX effort a little while ago. I've got a lot of hedges to get rid of. I'm debating the best strategy. We made it through amateur hour without the break reversing. I thought we'd at least see that retest. Seems like lots of weight behind the break so far. SOX is trying to put together a decent bounce now; man, that thing was down 6% a little while ago. One way or another, I want to release the hedges entirely over the course of the next couple of days. Hopefully the Spoos catch a bid somewhere in here and will let me exit the hedges gracefully... `BC