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Altisource Portfolio Solutions S.A. Message Board

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  • bestscore69 bestscore69 Nov 5, 2012 10:35 AM Flag

    any out there

    Thanks Rosy. BTW, it is my belief that much of the gains in ASPS is due in most part by the argument that housing has bottomed. I do not buy in to this manufactured theory...At all! I'm a real estate investor, the whole "bottoming" argument is pure manufactured #$%$. What the Fed and Obama's white house did, was to stop the flow of foreclosures to the investing public...Thus, creating more demand than supply...And artificially raising value, in the short term. ASPS, the various homebuilders have greatly benefited from this covert operation. Nonetheless, you can bet that values will DEFINETLY drop again when the next flood of foreclosures (that are being held on the banks books) hit the investor market (courthouse steps). And that will create great volatility in ALL mortgage and housing stocks - Like ASPS. trading range from 70.00 to 120.00

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