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adding to home builder shorts


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#1 gorydog

gorydog

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Posted 03 April 2007 - 05:18 PM

Considering this rally is partly attributed to "good" housing data, CTX PHM & DHI had an anemic rally day with unconvincing volume, falling back from the highs and failing at to break resistance/trendlines. I hold leap puts and will be adding tommorow (unless they show surprising strength in the AM...) GD