Ha! You guys are funny, but I suppose there are enough trolls on here who try to press their positions. I've been long since 22 and have scaled in here and there. It honestly looks a little toppy here, but the housing recovery seems to have legs and both Sandy and the recent horrible tornado will likely have a positive effect on the stock over the next 9 months.
I'm only holding 1/3 of my position. I've been selling as this one has been climbing ($46 and $52 wasn't that long ago). I didn't see an up 14% in a day as a possibility. I'm assuming this is a major short-squeeze. If we see sub $60, I might have to buy some more...this could see $80 by the end of the year.
Perhaps. Today's volume was nearly 1.8 times the daily average. It appears that there were two buying spikes of 800,000 shares towards the end of the trading day. I know some folks on CNBC at the SALT conference were saying that the home improvement stores may have over run and that the easy money is done. I believe one of the Najarians suggested taking a short position.