Is $2 a good entry point? $1.80? Any shorts out there... where would you cover?
Granted earnings aren't going to be great, but a lot of refi's are paying PMI bulk sums up front for the time required to reach 80% value. Just looking for some opinions from an earnings to pps correlation... no chance of hitting 50% of bv in this market...yet.. Chris
I'm sitting in cash... kind of glad when I look at what today is doing... Last week I was actually shopping for put options on solar and almost bought LDK $10 puts... the inventory and prices aren't going too well well for them.. their inventory is extremely over-valued with falling wafer prices. the whole hype is that Solar Co., are going to get the utility compainies to invest, they are the only ones that can get cash to do it (outside of China)... I regret not doing it. Chris