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Recent Advice on LIZ

January 16, 2009
The Commerce Department announced Thursday that retail sales fell by 2.7 percent in December, more than double the 1.2 percent decline that Wall Street expected. The shortfall in December sales comes on the heels of a November drop which was recently revised downward to 2.1 percent.

February 1, 2008
I am changing Buy Unders for several of our positions, I am suggesting the near-worthless D. R. Horton puts may have some salvage value after their earnings announcement next week, and I am adding two short-side positions in the homebuilders with the greatest exposure to debt and, thus, they make for possible bankruptcy candidates this year.

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