Just went short for the first time in 2009.
I would expect some profit taking and to see this pull back to the 18.50-19 range before close. There is still lots of inventory of new homes and prices have still not stabilized. Too much too fast.
exactly my thoughts. I don't think this builder is going bankrupt like the many of the others but it's way over valued.
I could get shares to short on ryl and mdc before. I have not tried today. Good luck.
I'm short RYL too but I'm staying away from MDC.