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alstry (36.49)

It is not easy being Alstry

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November 03, 2008 – Comments (3)

Simply focusing on the truth and nothing but the truth.  Exposing ninnies for who they really are.  Standing in great company with players like Ares, DWOT, DinoD and others.  It is just that the news sucks and getting worse....and the policy directives are only going to make things worse.

If you think it bad now...just wait.... in a few months the outlook will be MUCH WORSE if we continue on the same course.  Unfortunately it doesn't appear either candidate gets it but Obama's advisors in Buffett and Volker eclipses anything perky Palin can come up with.....

Until something changes....there is simply nothing positive ahead....unless of course you are short:)

In the mean time....enjoy life.

3 Comments – Post Your Own

#1) On November 03, 2008 at 5:26 PM, DarkToast (41.89) wrote:

There is money to be made if you are nimble. The underlying economy is in rough shape with worse to come, but the market volatility is a double edged sword. These incredibly powerful bear market rallies can bring in a lot of money, as long as you keep your wits about you and your finger on the trigger.

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#2) On November 03, 2008 at 5:40 PM, alstry (36.49) wrote:

I agree...we are approaching overbought levels on a number of names.  One of my favorites right now is TOL.....(Even though I know it is one of FloridaBuilder's favs for the future)....it has a ton of undeveloped land and is now leasing to own some if its homes it can't sell.....You think I don't drink kool-aid Bobby Toll is going to throw good money after developing lots in this environment???  How many McMansions do you think unemployed Real Estate Agents, Mortgage Brokers, and Bankers are going to buy????

TOL ain't going BK anytime soon but at this price......it seems pricey to me.

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#3) On November 03, 2008 at 5:43 PM, alstry (36.49) wrote:

In the same line of thinking....I think MHK(Mohawk) faces serious problems....too much debt trying to sell too little flooring......with little in new construction and people delaying renovation and replacement.....I can't see too much flooring being sold.....Mohawk may soon become Mocrow...I guess we shall see tonight when earnings come out.

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