Housing Stocks

[bssc]

Of course, everyone hates them and knows that they are all going bankrupt. Friday really pummeled them. So, I figure that this is the time to buy. I have $20,000 sitting around from the sale of my Lyondell Chemical (LYO).

BZH
BHS
KBH
MTH
SPF

I figure that at least one will go bankrupt but the rest will make money. Check back in five years or so.

 

[joxx12]

i'd add one more to the list.
WCI
taken a beating lately but 5 years from now who knows!

 

[bssc]

Here is what I bought and the prices I paid for them.

BZH 11.22
BHS 19.23
KBH 31.95
MTH 16.84
SPF 10.30
WCI - 6.88 / 6.91

Still have 8K to spend.

 

[twaddle]

I think there's still a couple more years of pain left, but why not just buy XHB?

 

[brewer12345]

Another poster brought MHK to my attention as a possible play on housing.

 

[bssc]

BZH 11.22 (closed at 12.03)
BHS 19.23 (closed at 19.63)
KBH 31.95 (closed at 33.06)
MTH 16.84 (closed at 18.04)
SPF 10.30 (closed at 10.86)
WCI - 6.88 / 6.91 (closed at 7.95)

I am happy with today.

 

[Dawg52]

BZH 11.22 (closed at 12.03)
BHS 19.23 (closed at 19.63)
KBH 31.95 (closed at 33.06)
MTH 16.84 (closed at 18.04)
SPF 10.30 (closed at 10.86)
WCI - 6.88 / 6.91 (closed at 7.95)

I am happy with today.

Cramer would say 'sell on the bounce'. More pain to follow. I have no idea. Not sure he does either.

 

[teknobucks]

buy

Srs.

 

[teknobucks]

ULTRASHORT REAL ESTATE PROSHARES (SRS) As of: 08/09/2007, 11:16am
Last Trade [tick] 96.8500[-] Volume 332,300
Net Change -0.4500 52 Week High 117.3500 on 08/06/2007
Net Change % -0.46% 52 Week Low 63.6400 on 02/08/2007
Bid 96.5800 Ex. Dividend Date 06/26/2007
Bid Size 1 Dividend Pay Date 07/02/2007
Ask 96.83 Dividend Rate 0.5018
Ask Size 20 P/E Ratio 0.0000
Bid Exchange Pacific Yield 2.06%
Ask Exchange American Split Factor 0.00
Last Trade Exchange Pacific EPS 0.00
Open 103.0000 Currency USD
Day High 103.0000 Primary Exchange American