I started a small long position when it dropped into the low 29's earlier this week... not stock but deep ITM calls 2015 expiry. Will add more on any further pullbacks.
I've held similar leaps calls in PHM for over 2 years (with rollovers) that are nicely profitable. I wanted to add exposure to the materials supply side and this company fits the bill nicely... I like the fact they also build homes.
Added a bit more to my position today at the low... I figured it might try to close the gap up from 27.87 back on Dec 31... it came close . That's it for now though... will wait for a move down to support at 26 or strong move back above the 200SMA before adding any more.
Good timing both of you. I thought this was overbought, but Zacks turned me around on that. Bought ten contracts to test the waters. Everything else looks good. Already up. Looking for 34, I do not think many of the analysts figured in lumber price increases.