Vad's Best Ideas

I can't resist the opportunity to take another position in beaten up lenders. Today's reaction of IMB in particular seems very peculiar to say the least. Home sales fell to lowest level in 6 years in July- what a surprise??? You know what, here is another projection- August sales will be even lower!!!

Selling VPHM for a 10% profit and LRCX for a 1% profit and reinvesting all proceeds into IMB...Will look to sell on next FED related action...

P.S. Sold WFR as well for a small loss- reinvesting all cash evenly into IMB and NFI for a roughly 15% position each.

Comments: View Comments |  Wednesday September 5, 2007