The truth? YOU CAN�T HANDLE THE TRUTH! But, here it is, anyway:
��we go higher now..both short term and long-term trends are shifting back to positive. Short-term recovery over $50 on the way..�
From the date of your announcement: http://stockcharts.com/h-sc/ui?s=MTH&p=D&yr=0&mn=2&dy=0&id=p08444159372
Your profound ignorance and undeniable gut-wrenching envy become more blatantly obvious with every one of your juvenile posts.
How are those valuation matrixes working out for you? They appear to be a bit behind the power curve, because I see MTH is still $13.00 away from your proclaimed price target, which MTH was supposed to have hit several months ago, per your astute investment insights.
Ten years...and still a trend follower? usually you guys figure out after a couple years that trading costs and getting whipsawed bleeds you dry in the long run. You must have a wealthy daddad funding your habit.
�Assume some kind of recession is arriving, which sectors you think are suitable to short other than home builders?�
Select Sectors that I think might have downside potential in a slowing economy:
You can go to the Amex web site to find the components of the Select Sectors I�ve listed. You can then use whatever matrix you utilize to select your trades on any or all of the companies within the Select Sectors: http://www.amex.com/ or you can just short the Select Sectors� ETFs, which are represented by symbols I�ve listed.
You should also consider a couple of new ETFs that short the market, with leverage: SDS and QID: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BBA4183DA-329B-4E77-AE86
Never post here but I've been reading posts and sort of agree with your accessments of late. Assume some kind of recession is arriving, which sectors you think are suitable to short other than home buiders? I am long in bio and short in finance and technology at this moment.
�Scratching your head on that one?�
Nope. I�m not surprised to see the �non-reaction� reaction to the numbers.
One of the reasons the I covered my CTX, yesterday, was yesterday�s lack of strong negative reaction to the homebuilders and the unexplainable strength in the S&P 500 Index, which is holding up and constantly being driven back up towards 1300, with very low overall market volume and butt-ugly market internals.
Since both MTH and CTX have been generally tracking the S&P 500 Index�s action, just like they�re doing this morning, I felt that being prudent and book recent profits would be the way to go.
By the way, just for kicks, I placed a VERY small �long� trade on CTX this morning, when the homebuilders didn�t react negatively, with a *very* tight stop-loss order in place (I�ve been taken out, already, with an extremely small hit.).
CTX and, to a lesser extent, MTH are reacting to the action of the overall market, so don�t expect to see support for your MTH long position, when the market begins its next leg down, because MTH is not capable of realizing support, based on its own fundamental bases.
��our conversation is getting a little boring for me��
Yeah, I can see how my question can be perceived as boring, by someone who displays such extraordinary intellect through the action of buying this turd on the bases of an overly simplistic valuation matrix.