Dellanave » Market http://www.dellanave.com/blog Tue, 29 Nov 2011 02:45:57 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 The Growing REO Suburbia Hell http://www.dellanave.com/blog/2008/02/01/the-growing-reo-suburbia-hell/ http://www.dellanave.com/blog/2008/02/01/the-growing-reo-suburbia-hell/#comments Fri, 01 Feb 2008 22:08:45 +0000 david http://www.dellanave.com/blog/2008/02/01/the-growing-reo-suburbia-hell/ My realtor sent me some listings to glance over today. As usual, they were all bank-owned (foreclosed) properties. It’s pretty sad when there are 9 half-a-million dollar bank-owned properties within a few blocks of each other. No wonder the RE and the CDO-paper-holding-stock market are hurting.

But this is kinda funny:

Nice suburbia sprawl, with 6 of the 9 bank-owned properties.

Zoom in a little:

Oh look at all the cookie cutter homes.

Zoom in a little more:

Yes, those cookie cutter suburbia homes essentially used to be a corn field. Couldn’t have been too long ago either as those tiles are higher resolution than the other ones, but clearly a few years older.

Amusing to me anyway.

]]> http://www.dellanave.com/blog/2008/02/01/the-growing-reo-suburbia-hell/feed/ 0 Why I Went Short GOOG at $700 http://www.dellanave.com/blog/2007/11/16/why-i-went-short-goog-at-700/ http://www.dellanave.com/blog/2007/11/16/why-i-went-short-goog-at-700/#comments Fri, 16 Nov 2007 21:16:09 +0000 david http://www.dellanave.com/blog/2007/11/16/why-i-went-short-goog-at-700/ I just read an article at Vestopedia about why the author sold his Google stock at $741. His reasoning was based on an article by Stephen Dubner (of the ever-popular Freakonomics) about regression to the mean by athletes.

Thing is, I don’t agree with the reasoning that Google should go lower because their freakishly high growth rates can’t continue and they will regress towards more “average” growth rates. Companies aren’t coin flips, they don’t follow statistical rules. Google has seen exceptional growth because they continue to innovate and add real-estate that allows them to grow at an incredible rate.

So why did I go short at $700? Obviously Google had already slid $40 points, but they could have stopped there right.. I shorted GOOG at $700 because the market is fearful and uneasy. I don’t have any doubt that Google will continue to grow at an incredible rate. Online ad spend isn’t going to decrease, and Google is constantly finding new ways to deliver ads. Android doesn’t excite me yet either, and a lot of their stock price was based on the GPhone. Bottom line is that while Google will continue to grow, I don’t think it merits the current multiple EVEN at extreme growth rates. It needs to come back in line. So far I’ve been reasonably correct as the stock has found support at $630. I’d probably cover at $600. We’ll see what happens next week. Right now the market is still scared, and I’m not ready.

]]> http://www.dellanave.com/blog/2007/11/16/why-i-went-short-goog-at-700/feed/ 3 What a Bad Day Looks Like http://www.dellanave.com/blog/2007/11/07/what-a-bad-day-looks-like/ http://www.dellanave.com/blog/2007/11/07/what-a-bad-day-looks-like/#comments Thu, 08 Nov 2007 02:33:08 +0000 david http://www.dellanave.com/blog/2007/11/07/what-a-bad-day-looks-like/ Here’s what a crappy day looks like. Of the greens, I’m long one, no longer holding one, and am SHORT one. I need a drink.

]]> http://www.dellanave.com/blog/2007/11/07/what-a-bad-day-looks-like/feed/ 4 Watch Cramer Lose His Grip http://www.dellanave.com/blog/2007/08/05/watch-cramer-lose-his-grip/ http://www.dellanave.com/blog/2007/08/05/watch-cramer-lose-his-grip/#comments Sun, 05 Aug 2007 18:14:11 +0000 david http://www.dellanave.com/blog/2007/08/05/watch-cramer-lose-his-grip/ This video of Jim Cramer going ballistic about the Bear Sterns issue in the market last week is hilarious. This guy knows his stuff, and if you’ve ever seen his show you know how passionate he is. On this segment he goes absolutely off the handle and it’s awesome.

Best quote: “You can’t even get a loan if you’re rich like ME.” That’s aggressive.

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