that real estate sector is still hated and the reason that it is a good gamble in URE. A desperate trader betting the farm on URE at this price could make how much in 2 years or less? A bunch .. that's how much/ Question is who has the nerve to do such a thing? More people than one might think.
The problem is I played the $5 dollar call last month (today its worth zero). You may get lucky and get in the money, but look at what the President said about the recession not being over (unemployment). Everyone knows I am pro URE but the S&P will most likely get shorted at 1000 - 1050.
That is my short term call, the auto information pushes us up and the unempolyment pushes us down.
I'd watch out on what seems to to a good deal! I'd push any $5 dollar call out into December, but I do not give advise. I am waiting for this weeks unemployment release this week! We could just punch 10%? I suspect that much of the fall out in uneployed total numbers may be due to benifit drop off and I curious about the seasonal effects in the numbers.