Seems my short position is fairly safe. Transaction volume down 15% vs last year, no evidence of market bottom, inventory up 100% yoy, months of inventory up 140% in Q2, annualized national rate down over 8%, california region sales down 26% yoy. Productivity is down. Data looks like shit. They are lucky they have cash to keep the share price up over $5 for now. I don't really see them making any profit any time soon. Still time to short before it cracks $5. RE prices in major markets are way too high. Buyers are on the sidelines.