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Ryland Group Inc. Message Board

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  • Stocksystm Stocksystm Nov 12, 2003 7:05 PM Flag

    Warning to all short sellers:

    The HBs are strong with Smith Barney (yeah, we can trust them - remember Grubman and WCOM?) pumping them up. A marginal new high is probably in the works, but it won't matter since they'll eventually fall 75% on average.

    There is a lot of mortgage fraud creating a slew of supposedly qualified buyers. Unfortunately, foreclosures are going to skyrocket when the cockroaches are exposed causing havoc in the economy next year. This industry is so ripe with over-investment it's scary.

    Disclosure: I'm short BZH, HOV, KBH, and RYL

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