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WaMu is another Gasparino special. When the BAC/CFC deal was announced he reported several times that his "sources" were telling him that JPM is looking into buying WaMu. I haven't heard anything since. Gasparino has no credibility left.

This is the same Sam Zell that on 9/26/05 said a housing bubble does not exist and was started by people that have nothing else to do. Great call. I noticed CNBC played the Zell housing bottom clip throughout the day. The above was mentioned in the following article...

One more thing, what happened with Gasparino's breaking news that JPM was in talks to merge with WaMu? I haven't heard a word about it since but the timing of it was also questionable.

It is a rumor because they = Charlie Gasparino.

Ben Stein is a joke. http://video.stumbleupon.com/#p=23s6fb61ln

HOV will soon resume its downtrend. The homies have a tendency to rally into opex. There is nothing but pain ahead for the builders and HOV is one of the most overleveraged of them all. However, Ara said December was strong so go ahead and load up the truck. His predictions have been been...

I found the information on his old picks at www.cramerproject.com. We should all have the utmost respect for Cramer because he has a lot of money. That was the argument made my a few around here recently. Pathetic. Generating nice returns is not difficult when you are fed inside...

Financials were his top sector pick for 2007. He really nailed that one. Jan. 10, 2008 - C was featured in the featured stocks and rated Bullish at 28.11. Jan. 8, 2008 - C was featured in the lightning round and rated Bearish at 27.14. Jan. 2, 2008 - C was featured in the lightning round...

The bad calls of the Fast Money crew are occasionally discussed but 90% are never mentioned. Dylan has mentioned several times that Adami has been "right on the money" when it comes to homebuilders but that couldn't be further from the truth. Adami recently made a nice call on KBH and of...

There is no way in hell any of the book values you listed are even remotely close to the true values. Even after the enormous writedowns seen in the sector there is still a long way to go. The upgrade today was a joke. Stephen Chen upgraded the sector around this time last year and put...

Hovnanian was going to proclaim this promotion a success no matter what. Obviously you are not familiar with the company. Ara Hovnanian is shameless. Explain to me how a company having a fire sale is going to unlock their book value.

Bob Toll is that you?

You are correct in that a rate cut does nothing to change the dismal fundamentals. I guess people enjoy trying to catch falling knives. Not a day goes by that somebody here isn't recommending buying the builders.

I watch FXY each day and 99% of the time when it is rising the markets are selling off and vice a versa.

Cramer recommended buying it on Friday so run for the hills. He also said he wouldn't touch homebuilders today at realmoney. It is amazing how quickly he changes once things move against him.

The name is Icahn and as previously mentioned the bid was in April. I wouldn't even consider going long a homebuilder now (I am short HOV). They can be good for a quick trade due to the violent short sqeezes but that is a lot different than a long term buy which is what you are suggesting.

To the OP I was wondering if you combine your losses as you do your profits? If so you are down about 200% in the past three weeks. It was interesting how you claimed to make a combined (which is one of the most ridiculous things I have ever read) 20% on the homebuilders yet the sector overall...

Is Najarian in bed with Hovnanian? http://www.reuters.com/article/topNews/idUKN1331819920070713?rpc=44 "There is talk that Warren Buffett is buying a stake in Hovnanian," said Jon Najarian, co-founder of optionmonster.com. "We think such a move by Buffett would clearly signal a bottom is...

The bottom "may" be in? That is exactly what the housing shills have been saying for over a year now while the fundamentals continue to deteriorate. Good luck accumulating the homebuilders. You will regret it because they are going lower. By the way my largest position is short HOV (yes...

My pick is definitely Bianna Golodryga if she is still on CNBC.