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  • Existing Home Sales Going Strong [View article]
    Sure there were/are many speculative "cash" buyers who sucked up foreclosure based on great ROI and cash flow only if those can be rented at a projected price. I am seeing those being returned to market since no tennant wanted to rent
    Nov 23 13:46 pm |Rating: +1 0 |Link to Comment
  • Real Estate Recovery in Southern California: Home Sales Increase for 16th Straight Month [View article]
    The second but worse RE collapse in SoCal will happen in 2010, thanks in part to those speculators who snapped up the foreclosure homes for rental (no renters) and 1st time buyers who used $8k tax credit as a down payment to obtain FHA loan. Yes, # of home sale will increase in 2010 a lot more due to foreclosure sales from Alt A, Prime defaults and 2ndary 1st time home buyers beyond means
    Nov 19 22:58 pm |Rating: +1 -1 |Link to Comment
  • Oil Price Lower on Inventory Numbers, But It Can't Go Much Lower [View article]
    If anyone think oil will reverse the down trend within a year or two, they will soon realize that the history will repeat itself and oil will be range bound in $10 to $20 for 10+ years.

    . Consumption growth
    Yes, there will be. However, one look at last 60 year oil chart will reveal that the demand growth does not impact the price of much other than normal escalation

    . Reduction of OPEC supply
    Yes, OPEC can reduce the supply somewhat for short duration, 6 to 9 month at the most. All oil producing countries have made significant budget commitments & debts, just like US financial market. Regardless of market price, those countries have to pump out as much if not more just to survive

    Good luck if you believe oil price will rebound
    Jan 15 13:54 pm |Rating: +1 -6 |Link to Comment
  • Harry Winston: 'The Worst Sale They Ever Made'? [View article]
    During CC, mgmt referred the last yr for robbery settlement. Based on Q42008 report, HWD recorded $13.5 million gain on the settlement of $23.2 mill theft during Q3. Hence, HWD will report gain on the latest theft
    Dec 15 14:06 pm |Rating: 0 0 |Link to Comment
  • Is 2008 the Year Webzen Finally Reaches Its Potential? [View article]
    If WZEN survives thru current hostile takeover attempts and be able to launch three games, Parfait Station, Huxley and Kingdom of Warrior this year, WZEN will set its foundation for explosive growth. APB will be the killer but may not be lauched this yr. WZEN has already
    Mar 08 14:52 pm |Rating: 0 0 |Link to Comment
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