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Hovnanian Enterprises Inc. Message Board

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  • cmrhm2008 cmrhm2008 Jun 4, 2010 12:24 PM Flag

    covered at 4.95

    You are experienced on short side then. Admire. Met75 is another good guy for suggestions.

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    • But, when it is this obvious it is time to short big.

      Other than the homebuilders, nothing in the market looks compelling for a short to me. I played Sprint on the short side over the past few days, but it has found its range and that trade is played out.

      But, if you want to time a short (or long), watch FCX. It has been finding solid support in the $64.00 area and solid resistance around $69.00. Don't play it without watching copper. If copper is on its way up, FCX will follow. If copper closes below $2.80/lb. stay away from FCX

 
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