[quote=outtamojo][quote=SK in CV][quote=DWCAP]
What he means is that with more American households in the future, more new houses will be needed for them to live in. Therefore, long term, new housing is bullish.
[/quote]
Then bullish would make sense. But what he said was
[quote=outtamojo]
Lack of building and less than trend household formation are bullish for prices in the far out future.[/quote]
I shoulda said” with the less than trend household formation we are seeing now “(with the expectation that we would get more household formation when the economy eventually improves).
“less than trend” sounds like he’s saying that household formation is going down. Which I think is probably true. I’m shorting whatever he’s buying.[/quote]
Here is what I own as of friday close after taking profits on others. These are some real dogs so you should have an easy time of it. Still 60% cash.
NPD – bot at 3.25
BPZ bought at 4.50
YRCW bot at .1835
ATPG bot a while ago at 8.40, short July 13 calls against position at .65 cents, which I regret- shoulda sold the 12’s or just taken profit as this is hurricane season.
Check prices every few weeks and you can rub my nose in it when these positions go against me. Really, I don’t mind as I am not so full of myself that I never think that I can’t ever be wrong. If I decide to sell to cut my losses I will post the info here.[/quote]
Just sold YRCW at .3275, coulda sold at .44 yesterday, but such is life….
Still holding the others, LONG.
Edit, for convenience: BPZ today 4.70, bot 4.50
NPD today 3.05, bot at 3.25
ATPG today 13.89, cost basis
7.75, seriously considering selling the Aug. calls strike 14 for about 70 cents on this thing.
