Monday December 1, 2008:
"Real Estate Ultra LONG: A NO BRAINER right here @ $3.77 !!!
For a 12-24 Month Return of +1,100%+!!!!"
Shortly after going public on Jan 31, 2007 @ 67.30 the all time high on URE came less than 10 days later on Feb 8, 2007 @ 72.62. Since, then as home prices have pludged shares of URE have dropped almost beyond comprehension as they went as low as 3.07 on Nov 21, 2008 right before President Elect Obama named his new Treasury Sect. That low connected against the all time high of 72.62 would mean 2.49 is the absolute low that one would think this ETF can go. So, it's a NO BRAINER here to go LONG on URE @ 3.48 with a LIMIT STOP of 2.06 & a 12-24 month target of 37.85!! Yes, I said $37.85
As the FED keeps flooding the system with more and more $$$'s, and it takes over "tonic mortgages" on the books of C, and to date crashes the 10 year note yield ($TNX.X) to all time lows today of 26.49. It means that home values almost surly find FAIR VALUE very soon and then the buying in the homes on the market should be MASSIVE since Economics 101 comes into play SUPPLY VS DEMAND. The home builders aren't building so the contraxtion this low should in 12-24 months set in motion a retrace of atleast 50% on shares of URE
It's just to CHEAP here to deny!
So, here's my TOP PLAY on perhaps any stock from now till Jan 2010. I think this ETF can get back up to 37.85 over the next 2 years for a staggering 1,100%+ return as the URE on a housing bottom retraces back up at least 50% of it's losses!
KEY INDICATORS: (Tuesday Dec 2, 2008)
Buy Area: $3.07-$3.60
LIMIT STOP: $2.06
12-24 MONTH TARGET: $37.85 (+1,150%+ NEXT 12-24 MONTHS!!!)
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More to come...