you have it backwards, an hour to buy URE and sell SRS or buy back your shorts. Tomorrow a blood bath? Not likely, read between the lines and you will see this stock is prime for its break through.
Here are my reasonings and what investors will see about the housing market tomorrow as well as my technical ana.
1. Todays TERRIBLE news is actually its own silver lining, its own green shoot. If we expect for our housing market to hit bottom soon,then we need to stop building so much and actually start selling. Plus 1
2. For the contrarians, multifamily home permits and buildings went down, single family went up. Off set.
Looking at the chart todays sell off at the end and the pattern of the chart means we should explode to the upside tomorrow above $4 close above $4 and go down to a higher low and make a higher high patter.
there is your "bloooooooddddbath"
P.S. I like your reasoning. its easy to call a direction, its a 50/50 chance that you get it right but your wrong on this one. Call me Cleo.