All the home builders that have been up all week with the DOW and the other indicies, were only off about 1% this morning with all of the same indicies hammered. Meanwhile consumer confidence, announced today, improved above expectations. This no time to be short HOV or the housing sector. HOV should go above $6.00 in the next week or so.
You are beating a dead drum. He was once a true long then got frustrated with the trading range and went short. He will argue with you till your blue in the face on how he is right. Then he will call you stupid when the stock goes down 1-3% and come with I told you so but will disappear when proved wrong. HOV is clearly a longterm play and the investors will be handsomely rewarded. Patience is the key. G.L
Please keep adding to short position. Tomorrow may be better for you, but you are cooked for the foreseeable future. With Wall Street clearly headed to new highs and personal wealth building, and interest rates in check, and housing still near its lowest prices in decades, and employment increasing, and the share price of HOV historically very low, you are swimming against the currents. If you want a short, look at gold !!