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November 2009



Jim Cramer was Right Tonight

November 24, 2009 – Comments (2)

I bash the guy enough, it is only fair to point out when I think he is spot on.  I was driving to a real estate closing Monday and was listening to Bloomberg radio. There was a guest on talking about how the real estate market will crash further as a result of "shadow" foreclosures.  I just rolled my eyes and turned to WFAN (sports radio show). I guess Cramer heard the same thing and he pointed out a critical point, that this "shadow foreclosure wave" could only occur if banks were forced to sell.  When we had mark to market rules banks were so forced to do. With the accounting rule changes banks can sit on these asets, even rent them out, and slowly sell them off over the years.  This along with declining new home building (which I think and have said in the past  is a good fact short term) mitigates against such a "shadow" crash.  [more]



ATPG redux

November 23, 2009 – Comments (0) | RELATED TICKERS: ATPAQ.DL , BP

I've posted about this earlier when it was in the $7 range urging people to buy it.  It spiked over low $20,s twice and has been slowly retracing to over $15.  I suggested people to profit take as it went up and now suggest people start a position as it corrects.  I plagiarized this from elsewhere and thought it a worthwhile read:  [more]

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