4plex, I understand the concept of shorting and puts, and am very confident the homebuilders and lenders have much further to fall, but am clueless about the entry and exit points. However, I would love to learn more about this, so could you tell us more about how you decide on your entry points on puts? Do you have puts now?

I think I’m causing too much problems with my questions about shorting WaMu and homebuilders. I thought it would be an interesting discussion, and maybe I would make a final decision and jump in myself. I even bought a book about options. But then I realized it is too risky for me.

Do you guys really think that everybody who reads this forum should be buying options or they are idiots too? This is maybe off-topic, but I find the personal insults toward me interfere with the discussion, and makes me enjoy this forum less and less. And you know what happens when people have had enough – they just find better places to hang out.