Thursday, August 30, 2007

The Miami condo crisis

Many speculative investors who bought pre-construction condo units in Miami are now upside down. The housing downturn combined with expanding construction of condo units along the Miami cost has created a bear market. Most of these speculators will take these loses to reduce their taxes this year. This may also slow down construction along the Miami beaches leaving inactive cranes as a blemish along the landscape.

Picks for end of day 8/30/2007:
AOLS.OB, AEOLUS PHARMACEUT (Google Yahoo Earnings Chart)
GHDX, GENOMIC HEALTH (Google Yahoo Earnings Chart)
ICFI, ICF INTERNATIONAL (Google Yahoo Earnings Chart)
NVT, NAVTEQ CORP (Google Yahoo Earnings Chart)
ORBT, ORBIT INTL CP (Google Yahoo Earnings Chart)
PAY, VERIFONE HLDGS IN (Google Yahoo Earnings Chart)
PDEX, PRO-DEX INC NEW (Google Yahoo Earnings Chart)
PIED.OB, PIEDMONT MINING C (Google Yahoo Earnings Chart)
PRGX, PRG-SCHULTZ INTL (Google Yahoo Earnings Chart)
PRW, PRO-PHARMACEUTICA (Google Yahoo Earnings Chart)
RTSX, RADIATION THERAPY (Google Yahoo Earnings Chart)
SCUR, SECURE COMPUTING (Google Yahoo Earnings Chart)
SVXA.OB, SOVEREIGN EXPLORA (Google Yahoo Earnings Chart)
TRGL, TOREADOR RESOURCE (Google Yahoo Earnings Chart)
ZUMZ, ZUMIEZ INC (Google Yahoo Earnings Chart)

Of these, the stocks that seem attractive to me are SVXA.OB and nothing else.

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