KB, I agree w/ a float of 4 mil, BZH could very well go to 100, not 90 in the next few weeks, but w/ December Housing starts coming out Monday w/ are to show decline FOR THE FIRST TIME IN 3 months, and w/ Greenpan at pulling up the nose...its prpbably no better time then now to START a short in these stocks.
As w/ the OSX at 90, I started the short at 87-88, I feel the same about the builders. If we do get the reversal next week, it may be much harder then many expect.
I have not seen the back drop of a Fed STOP over the last 1 year. Fed has moved consistantly in 1 direction. Now all that is going to change. I believe we are in a top, and would not be shocked if BZH, DHI, LEN and others actually SELL-OFF over next 3 days into meeting.
Looking for 72-74 in BZH and 32-33 in DHI by close wendsday.
Also looking again at OSX for short entry above 86. The move in these stocks have really surprised me in light of the INVENTORY data.
I was looking for 80-82 as top, we actually hit 87! In like 2 days!
Good luck all, just remember a good short seller sees blood where others see MONEY!..Sees a top, where others see a break-out! |
