Futures up to 1437.50 - 7.5 points up afterhours
Started by
S.I.M.O.N.
, Mar 27 2007 04:28 PM
4 replies to this topic
#1
S.I.M.O.N.
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SIMONForecast
Posted 27 March 2007 - 04:28 PM
you'll have to take back Frac man's gold....roflmao...
*previously known as pnfwave
#2
hiker
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independent trader
Posted 27 March 2007 - 04:30 PM
you think the shorts are not going to cover BZH now that it has reached 26.46 in the after hours, and BZH has issued a press release response?
price below the 3-year low..note price vs. lifetime support trendline...yes, it could still go lower...
Edited by hiker, 27 March 2007 - 04:31 PM.
#3
Russ
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Posted 27 March 2007 - 04:33 PM
Down 8.5 points now to 1437, yes a bounce off of its lows but still down and below the 61.8% retrace.
you'll have to take back Frac man's gold....roflmao...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
briarberry
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Posted 27 March 2007 - 04:38 PM
you think the shorts are not going to cover BZH now that it has reached 26.46 in the after hours, and BZH has issued a press release response?
price below the 3-year low..note price vs. lifetime support trendline...yes, it could still go lower...
PRESS RELEASE: Beazer Homes Responds to Media Reports
ATLANTA--(BUSINESS WIRE)--March 27, 2007--
In response to media reports and inquiries into the possibility of a federal
investigation of the Company in connection with alleged mortgage fraud, Beazer
Homes USA, Inc. (NYSE: BZH) (www.beazer.com) has the following response.
At this time, Beazer Homes can not comment on or verify any investigation.
However, we will fully cooperate with any investigation by any government
agency.
We build homes nationwide. The allegations by the Charlotte Observer focused
primarily on one Charlotte subdivision, Southern Chase. In that subdivision,
Beazer Mortgage Corporation originated the loans for the borrowers and served
as a broker, not a lender. We were involved on the front end of the loan
transaction process, compiling the necessary information, which we then
submitted to the lender for underwriting review. The ultimate underwriting
decision for the loan rested with the lender.
Based on our internal investigations to date, we have not found any evidence
to support the allegations in the Charlotte Observer.
Beazer Homes has a long established commitment to managing and conducting
business in an honest, ethical and lawful manner.
#5
thespookyone
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Posted 28 March 2007 - 08:12 AM
Wow-taking that gold back in kind of a premature way,eh? LOL If you are long this market, keep laughing, it will help you stomach what is truly on the way.
