One of the reasons I have shorted the housing market. Big losses on acquisitions from the big guys like Centex et al. Of course you can time the market. We live in the information age. But no, you can't squeeze every point out.
I have been playing the same stocks over and over again long and short but have been thinking about rotating into tech very soon. Tech is getting clobbered. Dell, intel, amd, et al are starting to show signs of life again but its still early.