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So, where does the FED fit in your theory?
There was nothing that came close to this type of intervention in the 70s and 80s. It's unprecedented.
Actually, I'll do it for you:
Thanks for making my point. Awesome.
Guess you missed this post a while ago now.
"And down we go. Down down down. I have no idea where the bottom will be on this. Into a sinking abyss nonetheless. I'll sell my short position when it goes under 10. Already playing with the houses money. Pun intended!
http://finance.yahoo.com/q/ta?s=DHI&t=3m&l=on&z=l&q=l&p=m50%2Cm200&a=&c=
"
Q: Why do ducks, have webbed feet?
A: To stomp out forest fires.
Q: Why do elephants have flat feet?
Q: Why do elephants have flat feet?
A: To stop out burning housing doomers!
Maybe if everyone stays quiet the crisis will go away. Yah, that'll work just great. Down we go...
Q: Why do ducks, have webbed feet?
A: To stomp out forest fires.
Q: Why do elephants have flat feet?
A: To stomp out burning ducks!
In the quote above you say you'll do it below $10. OK....
Guess you can't understand what it means to play with the houses money. In order to get to that point you have to have sold and recouped the initial investment, which I have already done. That was the drop from 27 to 21. The 21 to 10 is just gravy, benefited from all the card reading, house appreciating hoping fools on here. Thanks guys! If it wasn't for you this play wouldn't have half as valuable. Keep pumping!
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If you bought this for the list price of 730K on June 27th, you would be out 70K now. Maybe more because even at 660K it probably won't move. Oh, but the real estate market is booming.
http://www.redfin.com/CA/Pleasanton/6118-Crater-Lake-Ct-94588/home/1168962
#housing