Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Siddhartha Gautama who wrote (60200)	2/9/2005 2:38:07 AM
From: energyplay	Read Replies (1) of 74559

Homebuilders - It is widely known that many hedge funds and individuals have VERY large short positions on the homebuilders.... Now, if you were running a competing hedge fund, you wouldn't wnat to go long and possibly squeeze the shorts, now would you ? Especailly if you did your homework on the individual stocks and couls see the likelyhood of good news comming on at least a few of the names.... With the large short positions already in place, it might be hard to locate shares for additional short selling...and many players will want to cover at least soem shorts so thay can free up margin for other opportunities.... So the near term downside is likely to be limited. Looking at the charts of TOL, KBH ,LEN ,BZH and others - looks a bit like a short squeeze or a parabolic move up. The Souhtern Pacific rail road runs though my town. I make a point to stay off the tracks when a train comes through... I'll wait until the homebuilders are below their 50 day moving average.

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