James Biringer

Rolling the Dice on Downtrodden Homebuilder Hovnanian

Stephen,

I'm leaning the same way. I picked a long call on FMD for Jan. 2009. I like the limited down side of this spec play. And if it
things do pan out, the upside could off the chart.

I'm also looking at HOV for a long option play, most likely the Jan 2010 call option. As far out as I can go.

I'm also looking at MER for a long call option. I'm liking MER much
better with John Thaine at the helm. I'll probably wait on this a
little while longer.

I think, if you're gonna speculate on some of these downtrodden
tickers, an option is the way to play it. At least your downside
is finite.

James Biringer