I am not a technician but I find it very possitve that BZH has closed above the 200 dma for the second day in a row, the 100 dma and 50 dma started going up and 20 dma has crossed both the above mentioned 100 dma and 50 dma. But then again, I have been told I do not understand this by others on this board.
But then again, I have been told I do not understand this by others on this board. >>>>
Please. Credit where credit is due. "By others..." really denigrates the effort I have put in on this board.
I am almost outta here anyway. When I am history, you shall look for me but I will not be there. I am disappointed by the caliber of these boards in general. This board is only slightly above typical, and its lead dwindles rapidly. Next time we break 60, I think I'll exit. In the interim I think the less said the better. I will post my concluding trades as they occur.
It would be interesting to see if BZH splits 2/1, and the "next time it breaks $60" was on an upmove (i.e. breaking $120 in terms of today's pre-split shares). A break of $120 on the upside rather than $60 on the downside? It could happen, it really could. The way things are going for the homebuilders these days, there's a good chance BZH won't break $60 on the downside again. Maybe, maybe not. Long term though, time is on the side of the bulls.
Kamikazieee, if you cover I'll wish you the best. I only hope KodiakBulls**t stays short through the entire upcoming price doubling (or more) of the homebuilder shares. As far as I can tell, he's short pretty much every major HB. That scoundrel deserves every bit of the lesson that's coming to him. I think he's still in denial about the HBs, sure is silent now. Maybe he can get Saddam's information minister to tell us that the shorts will ultimately win, LOL.