A posted a couple weeks ago when I went long here at $6.80. I've summarized my 8 reasons why I like this trade and why I think this goes much higher during the next few years.
Are you wise .. maybe lucky ... not sure what you are but you really are part of the herd. You remind me of the National Car Rental driver who was day trading stocks and recommending CSCO to me at $100 a share in 1999.
Smart trade to go short when the CEO is going long! Good luck with that...
There is a 0% chance of bankruptcy here, so enough with the fear mongering.
Ya, housing sucks. Thats why you are buying at $7 not $40.
Let me start by saying that i am short 4k shares and plan to short another 4k tomorrow. I cannot figure out why this stock has not tanked like KBH. I expect it to go bankrupt in the next year. Housing market sucks due to continued gov't propping. let the darn market work and we will get on the path to recovery.
This stock has hit resistence. I think it's still a good stock to short. Housing contiues to suffer and Pulte had to expense $272Million for warrenty repairs in there third quarter. New claims come now with greater frequency. People who bought there homes are strapped and of course are not going to pay out of pocket for repairs. Short under 50 day moving average.