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To: t4texas who wrote (37425)12/15/2004 9:51:44 AM
From: t4texas  Respond to of 206325
 
greenlaw, and the news item today is len's news. and the whole homebuilder sector gets a good boost. when you look at len's numbers and see how low the gross margins are (about 25%) and the net earnings are the best all time (about 10% of revenues) in the best time ever for homebuilder stocks, you see how leverage will work both ways. greenlaw, it is a tough sector to short while it is so hot. not really advisable.