Though Pulte might have made a mistake buying Centex instead of cheap land, I own a Pulte home, built new in 2005 and they make a great product. Though the CEO purchased 50,000 shares in the open market at $7.03, he also purchased 30,000 shares at $9.88 on May 18 2010. I'm happy I bought yesterday at $7 than the almost $10 the CEO paid in May.. Looking at a 5 year chart, this stock has put in multiple bottoms and though the CEO has a longer term horizon than most of us on this board, I think that $7 is a pretty good entry point.
WOW over 28,000 contracts puts place on April $7.00. Most of these were sold unfortunately for me though. Someone thinks that PHM will not be below 7 by April. This coupled the CEO buying was it 30,000 stocks on the open Market at 7.00 to.....WOW again