January 11, 2006

Pump and Dump?


Anyone feel like we're in the middle of a classic pump and dump on Wall Street, especially with the analyst upgrades of the homebuilder stocks?

10 comments:

urbania said...

Pump and Dump? Im not sure but this market today reminds me of 11/04 just when President Bush Got elected for the First Time. The market went crazy for a few months my broker got me to jump in..Yikes was I sorry..It only took a year to get back to what I paid for the Blue chips. I dont believe this run-up is for real. Many people are hurting financially from all the holiday spending and spending away their House ATM. Even Wal-Mart had a crappy season(and most of there shoppers are renters I imagine)..I think the overall market this year will be good after the official Housing bubble pops..There will be a major correction in the not to distance future and I will Buy Buy Buy.

loaner said...

urbania said...
"Pump and Dump? Im not sure but this market today reminds me of 11/04 just when President Bush Got elected for the First Time."

HUH?
"....11/04 just when President Bush Got elected for the First Time."
HUH?

HEY GENIUS!!!! President Bush was elected for the 1st time in 2000!

If you bought when GW was 1st elected, then it took you 5 years to get even........sooooo, where the hell were you for 4 years???????? (1st term)

waiting said...

Urbania-
I am sure you are mistaken about most Walmart shoppers being renters.

I'm pretty sure most of them are home "owners", who are just getting poorer and poorer by the minute and will be shopping there, or anywhere else for that matter, less and less.

albrt said...

I guess I'll do an "on topic" post as well. I sure hope this is a pump and dump. I'm way short TOL, BZH, CFC, etc.

Anybody heard any reaction to the HOV report out tonight?

Anonymous said...

thx gold.....this would have not been very profitable recently, though i am wondering if the trend will continue.......dow has been up 7 of 8 days so far

urbania said...

Hey Loaner..When I said Prez Bush Got elected for the first time in 04..I meant that Gore won the popular vote in 2000..I was buying Real estate in 2000,Where were You loaner?

Out at the peak said...

The rally definitely seems fake. The news that comes out is bad, timid at best for the blues. The somewhat good news that I've seen (for housing) is talking about Q3 2005 numbers. That's ancient.

Out at the peak said...

Looks like someone got the memo today! All housing stock down, TNX down and Dow down below 11000. My oil, coal, and metals are fine. :)

keith said...

out at the peak - pump 'em on monday, insiders dump 'em by thursday

classic. absolutely classic.

42 said...

don't forget to short WLS (Wm Lyon Homes, high-end crap). I shorted the usual suspects (TOL, CTX, PHM, WLS) last week in simulation but they all rallied. I'll be watching those for shorting. muahahahaha.