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IDS World Markets Thurs 26th July 07


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I will check back in at the close but it sure feels like a needle bottom here. Early morning puke to cleans the stops and away.

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I will check back in at the close but it sure feels like a needle bottom here. Early morning puke to cleans the stops and away.

593850[/snapback]

 

 

I guess you're still long.

 

sigh..... :mellow:

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Oops!!! Woulda', shoulda', coulda'.......looks like $22 might have been better than the $8.74 where it is now......may have to do a buy/write on this one too (EDIT: uh, maybe NOT)

 

Builder WCI says no definitive offer for company (8.74, -2.58, -22.8%)

 

BOSTON (MarketWatch) -- WCI Communities Inc. (WCI : WCI Communities, Inc

said the home builder has not received a definitive proposal for the purchase of the company after the firm previously announced it was exploring strategic alternatives, including a potential sale of the company. "While initially several companies expressed an interest in acquiring WCI, deteriorating conditions and uncertainty in the home-building and debt markets have made the sale process more challenging," WCI said in a statement. "The board intends to continue the sale process and also will explore other potential strategic and financial alternatives, including asset sales, strategic partnerships, minority investments, and recapitalization transactions to enhance shareholder value." The company had been resisting efforts by billionaire investor Carl Icahn to run his own slate of directors. Icahn had made a $22-a-share tender offer for the company that expired without the purchase of any WCI shares. The stock closed Wednesday at $11.32.

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I will check back in at the close but it sure feels like a needle bottom here. Early morning puke to cleans the stops and away.

593850[/snapback]

 

The sell off in XLB (materials) continues. LW are you still short? How far down do you think it can go before we can start buying it on sale?

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