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Hi Rob

I wish I had found homebuilders in November, although I'm not sure this surge was that obvious then. But alas.

I don't think home sales depend on discretionary income. Everyone needs a home to live in and OHB builds very nice homes. I even checked out their web site and took a couple of virtual tours of their models. There is a great history of the Orleans family business there too.

Its no surprise that new home sales are way up with interest rates at 40 year lows. I'll jump on the tidal wave and surf it for a while. And of course you're right. Eventually the homebuilders will slow down and perhaps even crash as they did in the 80s when interest rates hit 20%. By that time I'll be long gone with a truckload of $$$. Hell, Mr Market only holds his selections 4 to 6 weeks! I think interest rates will remain at these historic lows for at least 6 months, maybe a year. Plenty of time to bail.

I see big gains in OHB in the very short term, for a month or so after they report earnings on 2/11/02. If their results for Q4 01 are good (like a double in EPS) I think this stock will pop just like BZH. WLS reports its Q4 results on 2/27/02 and it should follow the same patern. Hopefully I've made a truckload on OHB by 2/27/02 and then I can repeat this process with WLS in early March. At least thats the plan.

You go with ATAC and we'll see how we do. Should be interesting.

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