just a few months ago, CNBC was full of props being wheeled out, saying housing related stks were bottoming or near...now, well...I posted a few months ago, that we just came out of a real estate bubble or mania or whatever you want to call it, and it would be years before anything starts up big again...the excesses need to be wrung out, the sentiment needs to be bearish at an important bottom...we are in that process. The housing stocks look so bad I almost want to buy em, but I'll let it play out more. When we start hearing those same CNBC props saying home builders aren't the place to be, we buy.
unreal estate
Started by
tommyt
, Jul 24 2007 09:45 PM
1 reply to this topic
#2
nimblebear
-
- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 25 July 2007 - 08:04 AM
just a few months ago, CNBC was full of props being wheeled out, saying housing related stks were bottoming or near...now, well...I posted a few months ago, that we just came out of a real estate bubble or mania or whatever you want to call it, and it would be years before anything starts up big again...the excesses need to be wrung out, the sentiment needs to be bearish at an important bottom...we are in that process. The housing stocks look so bad I almost want to buy em, but I'll let it play out more. When we start hearing those same CNBC props saying home builders aren't the place to be, we buy.
Remember ? they want you to "buy the dips."
. But it is they who are the "dips.!" 
OTIS.
