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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (3976)4/28/1998 5:05:00 PM
From: Phil Jacobson  Respond to of 29382
 
I like DHI too but I think this interest rate stuff really needs to sort itself out before we can call a bottom on it. The reaction against the stock seems overdone but if the market tanks who knows?

Did some portfolio housecleaning myself today. Sold a couple of stocks on today's early rally to bring down the margin debt. Want to have some room to buy in case there's a big correction. Held PERI though as I can't bring myself to sell it at this level.

IMO tomorrow could be ugly since today's rally was so short-lived.

Phil



To: LTK007 who wrote (3976)4/28/1998 5:32:00 PM
From: Sergio H  Read Replies (2) | Respond to of 29382
 
Max, what a day to roll the dice.....Hay Caramba!!!!!!! The market instability is one thing but tomorrow March new home starts will be reported. Hey, it can't get much worse for the sector. DHI is currently
valued at a PE about half its growth rate. Hope that you're right Max.

Sergio


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