Your still shorting this KB. One of the few stocks I am comfortable holding in this meltdown. Why don't you go short some oil and gas stocks since oil is going to low 30's. 12's will come just like you never thought 9's were coming! Good luck with your picks buddy!
I agree but something is not right about this mkt. If oil breaks 40 which looks likely and other commodities follow deflation is looking more likely. Markets are not rational right now. Could see selloff as in sell now ask questions later. Housing is one of the bright spots at the moment, doesn't matter if we have strong dollar or low oil which is beneficial to consumer as they have more money to spend. Don't see how fed can raise rates in Sept.. Mortgage rates low. All good for us.
Ignore Jon. Buyback and reduction in strike on warrants all that matters. Long only warrants @ 8.20 13K It will all work out in the end!
It's actually .50 cent reduction in the warrant strike price upon further calculations. They are now 44.50 strike price 6 or so years from now.
I don't think anyone was expecting a bump from .125 to .28 per Q in divi. Warrant holders which I am will be very happy!
It's all good Jon!
Business picking up for the MI's B. New mtge originations much more profitable than refi's.Weird day today. New high's then sell off on big volume. I guess that's whats going on with whole mkt. Probably good idea to cover short position since it's a losing trade.