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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: kodiak_bull who wrote (39879)3/9/2005 10:38:22 AM
From: SliderOnTheBlack  Read Replies (2) of 206200
 
Homebuilders...re: An-tic-i-pa-tion ~

I know... it's like doing a Sammy Sosa Home Run Hop after getting a foul ball off of Randy Johnson... but, sometimes you just have to celebrate life's little victories ...

;}

...another day, another couple of Homebuilder Short dollars:

RYL 9:51AM ET 65.75 1.79 -2.65%

CTX 9:51AM ET 60.94 1.51 -2.42%

KBH 9:51AM ET 118.15 2.75 -2.27%

PHM 9:51AM ET 76.35 1.64 -2.10%

BZH 9:51AM ET 164.57 4.17 -2.47%

WLS 9:51AM ET 83.01 1.98 -2.33%

MDC 9:51AM ET 74.46 1.94 -2.54%

TOL 9:51AM ET 84.20 2.00 -2.32%

If we only get another correction like last spring '04... I'll be happy...but imho, fundamentals have definitely changed...it's no longer an over-bought sentiment trade.

PS: re: Merrill Lynch's Richard Bernstein Energy Note

[" 75% of Institutional Investors are overweight Energy"]

...add that to their internal, individual investor put:call ratio reaching alltime Bullish levels - with the highest levels in Energy...and you have to ask yourself a question:

- What has always happened in the past in cyclicals when those types of ratio's are reached ?

...when, not if.

tic' toc`

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