SteveF here...with a story to tell.... :)

Interesting article I also hear that Trump is partnering with another major player whose last name starts with a W to buy up other Vegas area hotels and surrounding prime properties..........

steveF - more confirmation of market strength by experts with a vested interest in, um, market strength. I like hearing stories of people and businesses putting some skin in game, like lumber yards expanding inventory. I wonder if Macy's is stocking up on those gaudy broker baubles, bangles and beads the Kliers wear.

Flmao. Diversification from England to LIC, take my leverage from las Vegas to miami condo and plow it all into a Greek villa! Flmao

Diversification. Welcome stevef.

Yo spinny.

Welcome back stevef

SteveF, first of all welcome back. I've certainly missed you as it gets boring when everybody left is a NYC RE bear.

Second, I think that your move into equities is a good one as the fundamentals there look better than NYC RE. Obviously, it would have been better had you sold your NYC RE two years ago and/or bought equities last year, but nobody's perfect in their timing. I've been having some fun in small caps. If you think the fundamentals look attractive now, imagine what they looked like last year.

Anyways, what small caps do you have / are you considering? I'm always on the lookout for ideas...

the market is strong..the data shows it that I have..youll have it soon too guys, sorry for these delays its just we refuse to launch without checking into evertyhing that we are accurate, timely, and measuring each metric properly..lots of things go into this.

Ill give an example. Its based on broker status updates internally in the rolex broker sharing system; hence real time. However, for ACTIVE inventory, how far back do you count a listing as ACTIVE if a broker has NOT updated the listing yet status is set to ACTIVE? OLR rules are 7-days then warning goes out to broker, REALPLUS rules are 14 days then broker is locked out and sent warning to update...So, what do we use? 14 days? 21? 28? 30? 45? Each setting makes a big difference in active inventory. Thats just one metric. Each metric has its own unique settings' issues. You can imagine the task of doing this right!

I don't need to know when I had my last bowel movement. I need to know when the next one will be.

Euro taking a kicking => lots of dollar loan euro income about to default, banks taking it in Jimmy > most of the higher end sales from banking bonuses, banks making money on temporary fed trading income -> may go dodo bird, expiring home tax credits, 99% of jonzying lemming bought all in all cash last quarter, foreclosures on 45 w 67th street -> the dreaded disease in prime. I can go on and on. But the biggest factor to be played out is 99 week unemployment bennies about to expire. Let's see 1 million ppl ALL find jobs in 3 months on top of all the other lookers. 200k more foreclosures nationally in 6-12 months with no further help from tax credits or low ir. Hahahhahahhaha.

w67 thx bro,
inonada I have about 5 that I like. Criteria i like:
(1) 5 year income growth 20%,
(2) trailing PE 10-12 and favorable to inducstry
(3) strong B/S- minimal total debt, very minimal.
(4) Don't count intangible assets
(5) Lynch PEG < 1
(6) market Cap 100m-500m give or take
(7) Buffets/Munger - understand the business-easy stuff no biotech wtf is that??
(8) Insider ownership- ya ok
(9) Strong Management - ya ok but tough to judge. maybe buy with the founder sell with the son.
Just some screeners that I like which will prob screen you you 50 out of 8,000 stocks. Might have to tweek it. I will tell you them when i have increased my stake bro, nothing personnel :)

Great forum for us let's try to keep the name calling/insults to a minimum......just debate, we all have our own agenda/ideas.

Noah, can't wait man! You'll probably get some great feedback.

"I will tell you them when i have increased my stake bro, nothing personnel :)"

Looking forward. I guess I should be flattered that you think I have that kind of market-moving size ;). Come to think of it, I have had a couple of days when I've bought some really illiquid stocks where I was a significant amount of what traded that day, but those were really small unknown companies on pretty illiquid days.

Noah, that is one tough metric.
This is a major transparency gain for the buyer(consumers) and sellers to see inventory in this manner. I guess as word gets out that this is what goes on behind the scenes then the leaders of the ROL will start dropping the hammer and getting those broker updates when required.

inonada, not just you, but who knows what eyes scan these boards. I'm not George Soros or anything but why give up any edge you've worked for? Thx inonada and as you are looking forward to my recommendations I am looking forward to hearing your feedback and any recommendations/thoughts you might have. We'll get there :)

The kinds of stock stevef picks, 1000 shares a day is a lot, LOT.

So steveF, did you finally get the bear bug on NYC re? Just for the record. Did you join a re renouncing commune and make origamis of houses and then get naked and chant 6% while setting fire to said origami houses. And afterwards make smores? I just wanna know how the transformation happens.

w67, never, ever will I be a re bear or set fire to houses and then eat smores. I'm selling(first time selling) just one property to invest in more risky assets. Plus I luv stock research and the game. Real estate is a slow, steady money maker. I just want to mix it up a little. I think the time is right for long term investing in stocks small enough to get you that 10-20 bagger. I also think the time is right for condo buying in Manhattan. The economic rebound will be long and strong.

Hold on to your hats boys and girls, you can forget about eurotrash, the canuks are coming!

In the form of the highly speculative Canadian Pension Plan, no less.

http://www.reuters.com/article/idUSN1024944620100510

For FiDi fans.

Likely some weird solar flare jumbled some cells on their spreadsheet.

http://www.dnainfo.com/20100512/financial-district-battery-park-city/downtown-resident-real-estate-market-recovering-commercial-sector-getting-worse

So, Steve, you miss the stock runup we told you was the bet, and you are now getting in AFTER the 70% runup?
And you invested in RE AFTER the biggest bubble in history.

Steve, what you are doing is called "Chasing Performance"

Its one of the best ways to lose money out there (as you've already experienced).

"Obviously, it would have been better had you sold your NYC RE two years ago and/or bought equities last year, but nobody's perfect in their timing."

This might be more than just not being right in timing, this could end up just being the total bad move (in the other steve vein). We're not talking about a couple of months, we're talking about coming in after big runups.

Also, now that SteveF has gone bullish on equities, I guess that means its time for the rest of us to get out of them. Steve might be the last of the lemmings... (again)

"Interesting article I also hear that Trump is partnering with another major player whose last name starts with a W to buy up other Vegas area hotels and surrounding prime properties.........."

Interesting how perfitz think that Trump is a good indicator. Well, if your goal is to go bankrupt, I guess he and Trump do have that in common.

the lemmings DO seem to be getting in.

http://www.ritholtz.com/blog/2010/05/heavy-volume-continues-to-suggest-this-correction-is-important/

"technicians call this a “distribution pattern” and it is bearish. It often means those that bought earlier are selling at a profit to “weak-handed” traders. Such patterns often occur when a market is changing direction."

ahhh somewhereelse...spewing his venom. Some things just never change. Look at him 4 posts in 5 minutes like a rabid dog. Poor thing. Relax bro. Try to enjoy life a little. Your anger speaks volumes

First of all somewhereelse, I am a Manhattan condo owner first and foremost. I open up a little bit of the equity I have and this guy has a kiniption. I am very confident in the economy but I PICK STOCKS I don't chase markets. I really don't care where the stock market is headed. I only care if my stocks(businesses) are making money. Let Mr. Market do his irrational thing. I look for companies to buy. If your company is selling a product that people need and want then who the hell cares where the overall market is going.

"ahhh somewhereelse...spewing his venom. Some things just never change. Look at him 4 posts in 5 minutes like a rabid dog. Poor thing. Relax bro. Try to enjoy life a little. Your anger speaks volumes "

Wait, this is from the guy who flipped out, cried, and ran away?

I love it!

pot, kettle.

> First of all somewhereelse, I am a Manhattan condo owner first and foremost.

And we all know how well that worked out for you.

> I am very confident in the economy but I PICK STOCKS I don't chase markets.

Given your acumen, thats worse. You are STILL chasing markets in that scenario, and now you're doing it even less efficiently.

But, keep it up. I need folks like you, to be on the losing side of my trade's. I'm the guy who bought earlier selling at a profit to AR's "weak-handed" trader. Thats you!

> I really don't care where the stock market is headed.

Well, at least you've given that up, because you were horrible at it.

> I only care if my stocks(businesses) are making money.

Sure.... of course, you're pretty lousy at that too.

> If your company is selling a product that people need and want then who the hell cares where the overall
> market is going.

Oh jeez, steve. I knew you knew nothing about RE, but now its clear you even know less about stocks.

A company selling a product that people need and want is NOT necessarily a good investment, it depends on the price.

Time for econ 101 for you. Hell, look up "nifty 50 bubble".

You're making the same mistake again!

Just because something is desirable doesn't mean its actual worth is half the price.

Seriously, man, give it up.

Open an ING account!

> Ericho thanks for holding down the fort bro!

Ericho didn't hold anything down... he ran like a little p*ssy too!

somewhereelse, You're such a mess dude and pretty funny. The word MADMAN comes to mind.

"never ever will I be a re bear"

that's why you have no credibility. I was a re bull for years. but blind devotion to any investment class does not speak of any sort of real financial reasoning. or acumen.

but welcome back. as nada said it's good to get some postings that get people going. unless they're rent/buy, of course.

> somewhereelse, You're such a mess dude and pretty funny. The word MADMAN comes to mind.

no i'm not, you are! so there!

omg w67 or should i say omfg. please start doing stand up.

thx for the welcome aboutready even though I have no credibility. Then why is it everyone responds to my posts? It seems to me that an individual with no credibility would just get ignored. But they don't ignore me now do they?

"But they don't ignore me now do they?"

Isn't this a line from a movie where the bad guy says this killing all the innocent people?

being ignored isn't the worst thing in life. particularly on an anonymous board. i would rather love it if a couple of people started ignoring me, and i wouldn't view it as having anything to do with my credibility either.

alpie isn't ignored, for example. rufus was frequently engaged.

and you still have no credibility.

you and ericho can have a "bro"mance.

aboutready, so what have you done except gripe, complain, doom and gloom about evrything and everybody. Done nothing but dissed everything. I know pessimistic, miserable people exist I just wish they would put themselves in a corner and stfu.....in other words don't bring everyone else down with you. Miserable, depressed, pessimistic people always hide behing the "I am a realist" slogan. Realist? You're a dud.

that's bs, little miss sunshine.

what have you done but encourage people to risk their savings in a down market? for years?

i think happiness like that should be avoided. sorry if that "realism" offends you.

"somewhereelse, You're such a mess dude and pretty funny. The word MADMAN comes to mind."

SteveF, you're the running joke of this board. Comments like that form you are not only hypocritical, they're actually a compliment. If you thought anything positive of me, I'd know I was doing something stupid.

Wanna know what words you make come to mind?
;-)

"that's why you have no credibility. I was a re bull for years. but blind devotion to any investment class does not speak of any sort of real financial reasoning. or acumen"

Bingo

"thx for the welcome aboutready even though I have no credibility. Then why is it everyone responds to my posts?"

Its called our own amusement.

You've in the category of spunky, steve, alpo, rufus, perfitz, etc. Your mistakes amuse us so.

"It seems to me that an individual with no credibility would just get ignored."

So, this is your first day on the board?

You have no idea what you're talking about, do you.

"But they don't ignore me now do they?"

You and perfitz. Quite a pair!

"what have you done but encourage people to risk their savings in a down market? for years?
i think happiness like that should be avoided. sorry if that "realism" offends you."

well done, ar.

"It seems to me that an individual with no credibility would just get ignored. But they don't ignore me now do they?"

see, e.g., http://www.urbandictionary.com/define.php?term=rubberneck

ha. well done, malthus.

stevef is absolutely a car wreck.