I hope I don't curse the rally. Was told to watch this on Monday and waiting for a pullback and it ain't happening. Looks like Paulson and company got in around $0.90 and has doubled their money. More hedge funds may get in. I'll keep buying on any morning dip under $2. I don't want to bet the farm but looks like there is not much to lose.
It is going to $6 in a few days. I hope it paused some on Wednesday but the housing recovery may be strong enough that the funds don't want to pull back. Also read an article that the Chinese government investment arm is going to invest in the real estate market in the US for diversification. I guess there are not many places in the world now that you can put your money except we've a track record of recovery.