Short Selling, Dark Side, Bubble Busting Laboratory Message Board

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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory

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To: russwinter who wrote (217)	12/15/2005 9:16:00 PM
From: kailuabruddah	Read Replies (3) of 361

I like the look of JWN - it's got something of a jagged edge look to it at the tops - i.e., emotional moves... One that has (finally) paid off for me - after a couple of 2% to 3% loss-cutting covers is URBN - a Bully play no doubt! If I'm shorting very close to new highs my cut point will always be 3% max... when I short into an area of resistance (a "shoulder" perhaps), I generally pick a spot 3% to 5% above that resistance... The HBs were interesting today... PHM in particular looked like it was going to break above $43.50 - but failed and finished near the low... I assume PHM will get a 1% to 1.5% pop up on KBH's earnings Friday - but if it again fails to close above $43.50, this could be the start of a nice swoon... RYL also failed to close above $78 and may be a prime candidate here... I agree with a post of yours on another board - that the rising short term rates (due to less FCB participation) will invert us before FF = 4.5% on JAN 31... That ought to mean we go to 4.75% at least - perhaps the curve un-inverts due to higher 5/10/30 year rates at some point in FEB/MAR... but none of that will be good news for the HBs...

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