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October 2007



Preparing for the rate cut: Closing some underperforms

October 26, 2007 – Comments (3)

In preparation for next week's rate cut, I am closing all my winning underperform picks in the homebuilders sector, as well as my underperform pick on CFC.  [more]



Lennar Slashing Prices

October 24, 2007 – Comments (7)

Check this out for yourself! 90 homes on sale in NY and NJ. What will that do to home values in the area? And how will it increase losses for LEN over the next quarter?



Ending Refiners Underperform

October 11, 2007 – Comments (2)

Sometimes the market acts in a way I do not understand. Yesterday was such a day when it comes to the pure refiners (note that I am not talking about the integrated oil companies here; just about those that make most of their money refining oil). My favorite refiner (VLO) issued a profit warning, and the market rewarded that warning with a significant move up.  [more]



Ended Investment Banks Underperform

October 03, 2007 – Comments (5)

On August 16th, I picked 6 investment banks to underperform. My reasoning was that the investment banks are essentially a leveraged play on the stock market. And since I was convinced that the sub-prime / homebuilder mess would spread to the US economy, I thought the investment banks would suffer.  [more]

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