Tried to comment on the article and would not publish. The author is a total idiot and reflects the views that shorts have been trying to push, even as housing is recovering. He cherry picks his data, throws out how right he was on AAPL, reminds me of Cramer. He fails to provide a good market analysis using the basics of supply and demand, price movements, affordability, cost and other key factors.
hey 999, food for thought, don't kill the messanger, the guy has a view,another look, hot PT. of view, if you don't like the message,too bad.
tell ya a story, last jan,2012 alpha ran a hatchet job on patriot coal,PCX, said they may go BK, this spring! i had some 1K shares around $8.ish,that article, brought the price down to like 7.04 in a NY minute. people where filing charges with the SEC,call PCX invester relations,etc. well guess what PCX went BK this late spring!
here's the PT. some times S/A is spot on, and some times they aren't, that's what makes a market!
a lot of these builder stocks have run up very fast, they may be cooling off, what ever, but again, S/A, is just another voice, as far as cramer, i stopped watching that idiot a while back, can't stand him any more. JMO and g/l.
PS i sold my PCX back then for 7.77$ never looked back. i'm not saying Builder stocks are like coal, just saying alpha isn't always wrong or always right, just another pt. of view!jmo
Just tired of people discounting builders on the "run up" of their stock! Give me some facts, some data, anything but a feeling! We are going to have a flood of housing data, it will be interesting to see where it falls. Housing and real estate usually take a hit going into the holidays, this year it will hold its own.
PS, I have done very well trading BTU and ANR over the last couple months. Love it when everybody gets down on a sector!