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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (5062)5/22/1998 10:44:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Max, a lot of the short position on DHI was arbitraugers hedging
their bets on the conversion post merger ratio between DHI
and CON, so the short position naturally is lower now that the merger has taken place.

DHI is lower now than at the time of the merger because of market conditions. DHI will outperform the market IMO but will run a
parallel course to the DOW. We do need a stable market in order for this stock to perform well. Homebuilders are subject to more than just good balance sheets and solid fundamentals. I am still optimistic about this stock Max, just waiting for the market to recognize
the value.

Sergio
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