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Meritage Homes Corporation Message Board

  • zintger zintger Mar 22, 2009 5:00 PM Flag

    I want to buy 10,000 shares

    of MTH Monday. I almost bought at this price ($9.16) a few days ago. I wish I can make $3-4/share in a week (like before). That would be a quick $30-40K profit (gain), my 3 month hard-earned salary.

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    • Good luck on a gutsy trade. I bought 1500 Friday,
      and will buy more only if MTH continues cratering.
      The HB sector is about twice as volatile as the
      SPX, and MTH is twice as volatile as ITB which
      has retraced less than half its Mar 9-19 gain... falling 12%,
      while MTH has given back nearly all its gain...falling 37%.

      Pundits are all bearish on HBs, so the crowd is
      afraid to buy them. When they finally trend
      higher and are deemed safe to own, the quick and
      easy $ offered by the HBs will be history.

      HBs lead at mkt tops and bottoms. They bottomed
      in 1999....three years before general equities.

 
MTH
35.05-1.30(-3.58%)Jun 27 4:02 PMEDT