;) you sound like me on the PHM board. I hate these homebuilders like none other. You would think with the DOW at all time lows the HB's would get flushed down the chute with no way of staying afloat yet these turds somehow keep floating....I hate floaters ;) I covered my shorts- got too frustrated. Lost a couple hundred and moved on to something that will move DOWN!
that is exactly what is going on, they are being supported for fear of a major drop. The interest is that a collapse in these stocks sends a very nasty message to an already nasty situation. The reality of it all is that the amount of resales, foreclosures etc.. will hurt HB's even more as their over priced inventory will not draw as many suckers to buy them as before.
Another point is the banks are not lending money as they used to.
It is very odd as to why they are not collapsing... makes you realize that markets are truly manipulated, which they are.