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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: hdrjr who wrote (11829)	1/21/2002 6:04:34 PM
From: jim_p	Read Replies (1) \| Respond to of 23153

hdjr, I covered my building shorts on the sell off last week. After the January profit taking dried up, money started flowing back into the sector. I agree it will be a great place to short, but the market seems to want to take them a little higher before they start a sustained decline. Short builders as interest rates begin to increase and long energy as the economy recovers should be a great combination in Q1. Jim

To: hdrjr who wrote (11829)	1/22/2002 9:45:12 AM
From: kodiak_bull	Respond to of 23153

HD: Thanks for the Texas r.e. report. That puts Texas, California and the Pacific Northwest in the toilet as far as I know. You might want to look at TOL's chart: stockcharts.com[h,a]dhclynay[pd20,2!b50!b200!b25!i!f][iut!uk14!ub14!ud20!lc3!lf!lh14,3!la12,26,9] It made an inverted hammer on Friday, traded all the way up to 46 apparently, and closed down. Nasty long tail, waving in the sky, like a beacon: "it's safe to short." I see lower lows, lower highs all the way down for this sector, and will look to take positions this week. [EDIT: the 46 was some sort of a rogue trade, as someone pointed out: 300 shares at 46, either negligence or intentional evil, imho. So cancel the pattern for now--which makes me worry just a tad about investing on patterns, GIGO??] OT: Speaking of taking positions, I decided that the received M&A knowledge that "an all-cash offer well above market for companies is rarely defeated" was going to hold true in the WY/WLL transaction as well, and am rewarded this morning with a $16K boost to the portfolio. I only bought 2K shares, thinking this little side bet was worth only about $90K. If I had guessed wrong, the stock could have settled down to the low $30s, which would have been unpleasant. All's well that ends well. When I next type up my resume, I will have to find a line for "takeover arbitrageur." Kb