Otherwise shorting would be TOO easy. Be patient - this turkey will get unstuffed.
Yes, it is like watching paint dry, or televised golf.
The fundamentals are so truly AWFUL that LEN need a miracle just to SURVIVE, let alone to stay anywhere near $15. How anyone thinks rising mortgage rates can aid homebuilders is beyond my comprehension. If mortgage rates click up just 3%, the average monthly payment on a 30 year goes up 50%.
Short this pig on any rallies. Ride it down to 5, then look for easier pickings elsewhere.
There isn't any. Hope springs eternal. Hope is all they have. There's no value here...no turn in sight...mired in debt...more writeoffs coming...prices falling off a cliff...consumer sentiment in the toilet...
Yet some see the latest set of statistics as the bottom. If you see it that way, then buy, buy, buy.