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IDS World Markets Tues 20th November 07


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DHI loses 16?/share, sales are down 35%.

 

But, "Wall Street" was predicting loss of 66$/share. This is being touted as "good news."

 

HERE'S THE EXCUSE FOR THE HOMEBUILDERS RALLY

626080[/snapback]

 

 

building just needs to slow to get supply off the market and the headlines of panic in housing also need to stop. is that why the rich are trying to buy the media. to infulence public opinion ? (murdoch FBN). the FED will not lose its cred and they will do what they do priovide liquidity.

 

Builder's loss not as bad as forecasts

D.R. Horton swings to fourth-quarter loss but still tops expectations; expects housing environment to remain 'challenging.'

 

http://money.cnn.com/2007/11/20/news/compa...rce=yahoo_quote

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I think the fact that there was some bashing of wndy last night (not that there's anything wrong with that-- he ridiculed us enough times :lol: ), probably signals a short term low. It's like any time I post a self corngratulatory post, or do a little bear cheering, that usually marks the exact short term low.

 

All we have to do is fade ourselves and we'll make a profit every time. :lol:

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Another test today. The classic good cop / bad cop situation.

 

HPQ Good Cop Futures pre-open jam while Bad Cop Freddie Mac takes it up the arse and is down 8%, cousin Fannie down 3%.

 

We'll have to see the quality of the bounce to see if it has sticking power beyond a few hours. Down days have seen A/Ds between 4/1 and 8/1 negative while the best up days have barely seen 2/1 or 3/1.

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still thinking the dow can run to 13,700 then im looking to shorts ... but thinking aside i think the charts are at temp support. if they break here as posted lastnight. id sit it out for a bit. ( too late to get into shorts, longs busted)

626082[/snapback]

 

You still holding all those LONG dongs from Thursday?

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DHI loses 16?/share, sales are down 35%.

 

But, "Wall Street" was predicting loss of 66$/share. This is being touted as "good news."

 

HERE'S THE EXCUSE FOR THE HOMEBUILDERS RALLY

626080[/snapback]

 

 

building just needs to slow to get supply off the market and the headlines of panic in housing also need to stop. is that why the rich are trying to buy the media. to infulence public opinion ? (murdoch FBN). the FED will not lose its cred and they will do what they do priovide liquidity.

 

Builder's loss not as bad as forecasts

D.R. Horton swings to fourth-quarter loss but still tops expectations; expects housing environment to remain 'challenging.'

 

http://money.cnn.com/2007/11/20/news/compa...rce=yahoo_quote

626083[/snapback]

 

Keep drinking the Koolaid BT. Yours is the hackneyed argument of the real estate industry.

 

The homebuilders are going to zero. They are running out of cash. The bounces will continue to be gifts to the shorts.

 

The only way this housing crash is going to end will be by making housing affordable again. That's going to take another 30% haircut from here in the most overpriced markets. And for the builders, the overpriced markets(FL, CA, AZ, NV, VA, MD) are where their problems are. Kansas City (metaphor for middle America) isn't a problem, and by the same token, none of the builders have any appreciable business there. That's because they can't make money there. Costs exceed market price.

 

At this point there's no sign of reduction of supply or rising demand in the problematic markets. Once those two curves reverse direction we can use the vectors to predict where equilibrium will be, but even that could be a year or two out.

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Another test today.? The classic good cop /? bad cop situation.

 

HPQ Good Cop Futures pre-open jam while Bad Cop Freddie Mac takes it up the arse and is down 8%, cousin Fannie down 3%.

 

We'll have to see the quality of the bounce to see if it has sticking power beyond a few hours.? Down days have seen A/Ds between 4/1 and 8/1 negative while the best up days have barely seen 2/1 or 3/1.

626087[/snapback]

I think Officer HousingStarts is going to show up pretty soon to be the Enforcer.

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