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

To: MoneyPenny who wrote (197984)4/24/2009 10:05:56 AM
From: Skeeter BugRespond to of 306849
 
MP, the IYR chart indicates it tests at least $32.50, maybe as high as $33.75. this should be easy if the S&P retraces close to 875 for a double top.

i'd wait to buy there. SRS will likely be in the low $20s and should spring back $30 +/-.



To: MoneyPenny who wrote (197984)4/26/2009 3:09:06 AM
From: Skeeter BugRespond to of 306849
 
MP, if you want to play the add to the short on IYR strength game, i suggest you play IYR with an in the money put option - maybe a june 45 put. you can keep adding put options as the price goes up and eventually you should win that game if fundamentals ever matter before june expiration.

SRS is a crazy buy, hold and add on weakness play - the frictions is *way* too high. you have to time the change in trend within a few days.


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