IIC's Winners Watchlists

[IIC]

Spike...Any technical take on ICOC? I'm considering trimming soon...TIA...Doug

[billyjoe]

Doug,
I'd like to be the first to congratulate you on 100,000 views for your thread.

------------billyjoe

[IIC]

Doug,
I'd like to be the first to congratulate you on 100,000 views for your thread.

------------billyjoe

Thanks...I missed it...I saw it at 99,957 earlier...Wonder who all the lookie lous are though???...Hardly anyone ever posts here and I wish more would...Even if it is constuctively negative.

I joined here at Ernie's invite the day after T-Giving 2003...although I was a member at his Yahoo Club for awhile back in 2001 or 2002.

Been a great almost 3 years here though...I've met some really nice people...some are no longer here but I keep in regular contact with some of them.

I'd like to thank Ernie and Karel and that programmer guy they have(forget his name) for keeping the forum going...It is a real nice place.

I know some people are frustrated that I don't explain the reasons for most of my trades and lists...I just trade so many different ways depending on the $$$ invested and the circumstances as I see them that I just don't have the time to explain it all..."1,001 Ways To Trade"...by IIC...LOL...But I hope at least a few have benefited by what I post...Best to All...Doug(IIC)

[spikefader]

Spike...Any technical take on ICOC? I'm considering trimming soon...TIA...Doug

Sure Doug. Nice pick.

FWIW Aug 17 prediction was "$5.80 and beyond" as per:

http://technicaltrades.net/bollingerbands&psar/icoc.html

I'd be waiting for 5 completion on the daily or an upper channel tag to take it off the table. Good luck!

Monthly:



Weekly:



Daily:


Some triangles:

http://technicaltrades.net/triangles/ICOC.triangles.html

[IIC]

Thx Spike


Morning MoMo: STEC BEBE GFX ICE FIA GOL STKL PRXL VTS TAM COGO WBD AVCI XING CLG MFRI FRG ICOC SWHC GROW GIGM WFR VC GMTC SA MEH NUHC

[IIC]

in FNET lo 17.50's

[IIC]

Had second thots right off the bat...out for +.03

[IIC]

bot GIGM 11.10ish

[IIC]

bot GIGM 11.10ish

out of time made a few cents on GIGM

[IIC]

gotta go...peeled off 30% of ICOC...took almost an hour...made over 17%

[IIC]

In IMAX.......

[IIC]

In IMAX.......

Too iffy...took 5 1/2 cents avg on IMAX

[IIC]

back in FNET

[IIC]

back in FNET

out FNET +.40

[IIC]

Foreclosures Rise, Fall Depending How You Measure
.
(Updates with commentary from RealtyTrac and Foreclosure.com officials)
By Danielle Reed
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--According to one real estate data provider, foreclosures rose sharply in August. According to another, they fell modestly. The difference is in how they count foreclosures.
Irvine, Calif.-based RealtyTrac said in a press release Wednesday that 115,292 properties nationwide entered some stage of foreclosure during the month, a rise of 24% from the prior month and nearly a 53% increase from a year earlier.
Also on Wednesday, Boca Raton, Fla.-based data firm Foreclosure.com said that new residential foreclosures fell by 6.7% in August from July to a total of 26,255 nationwide.
The divergent results can be explained by the way they count foreclosed properties. RealtyTrac data includes properties in the early stages of a foreclosure proceeding, even before the bank actually owns those properties. A spokesman for Foreclosure.com, on the other hand, said that the company only reports properties officially foreclosed and in the hands of the banks.
In Early Stages, Foreclosure Process Is Often Reversed

It's important to note that many homeowners whose properties are in the early stages of foreclosure manage to remedy their problems before their home is taken over by lenders.
Rick Sharga, vice president of marketing for RealtyTrac, said that of all the loans that enter the foreclosure process, about 60% get remedied or else the properties are sold before they ever get to the auction stage.
Then, once the bank holds a public auction - the last step before the bank officially takes over a property - about half of the remaining 40% get sold to a third party and never end up on the bank's books. So in fact only about 20% of all properties that enter the foreclosure process end up as bank-owned properties, Sharga said.
RealtyTrac has seen the greatest growth over the past few months in properties that are in the earliest stage of foreclosure, at the point when banks send homeowners notices of default (usually after homeowners have missed two to three consecutive monthly mortgage payments), Sharga said.
By Any Measure, Housing Environment Getting Tougher

But however it's measured, both companies generally agree that with home price appreciation slowing down and interest rates higher than they were a year and two years ago, the going is getting tougher for American homeowners.
"With home price appreciation continuing to decelerate...this month's increase could be the beginning of an upward shift in the foreclosures market," said RealtyTrac chief executive James J. Saccacio, in the press release.
Saccacio also noted that billions of dollars of adjustable-rate mortgages that have benefited from a stable fixed rate of interest over the past two years are due to shift to higher floating rates in the coming months.
Meanwhile, Foreclosure.com's president and chief executive Brad Geisen, said in a statement that while the company has continued to see fluctuations in month-to-month data, "as we near the end of the third quarter, most housing and economic indicators point to a sustained period of increased new foreclosure activity across the country."
Foreclosure.com noted that the West was becoming "an emerging foreclosure hot spot," with new foreclosures in Arizona up 155% in August from July, in California up 32% and in New Mexico up 10%.
California was also on the list of RealtyTrac's top five states with the most new foreclosure filings, along with Florida, Texas, Ohio and Illinois.
Foreclosed Properties See Plenty of Demand From Buyers

Still, total inventory of bank-held, foreclosed properties is falling, said Geisen in a telephone interview. This indicates that despite the tougher environment, buyer demand for properties - and notably for bargains - is still healthy.
The total inventory of bank-owned, foreclosed properties for sale (including new foreclosures) was 85,467 in August, according to Foreclosure.com, down 1.3% from 86,562 in July.
"What's really important about that...is the real estate economy is I think a little bit stronger than what the press has been posting," Geisen said. "Even though there are properties going into foreclosure...there's still a strong enough economy out there to absorb them."