15 replies to this topic

[Bob-C]

Hi everyone, pending Home sales were down 21.5% from 2006! Cheers, Bob-C

Edited by Bob-C, 02 October 2007 - 09:07 AM.

[da_cheif]

yup...isnt that great???? no froth from that number......buy them home builders.....they hate it at the bottom and love it at the top......

http://chart.bigchar.../...S&rand=7891

Edited by da_cheif, 02 October 2007 - 09:07 AM.

[ogm]

yup...isnt that great???? no froth from that number......buy them home builders.....they hate it at the bottom and love it at the top......

http://chart.bigchar.../...S&rand=7891

I agree. I'm turning very positive on homebuilders here.

Deep discounts to book ( those unsold homes on the books will sell eventualy)

The worst of mortgage crunch is over for the time being. Stocks are hated.

I'm a buyer here.

[paulstan]

Go team. Those of us who are bearishly inclined need such as you to trade with!!

[Insider]

yup...isnt that great???? no froth from that number......buy them home builders.....they hate it at the bottom and love it at the top......

http://chart.bigchar.../...S&rand=7891

I agree. I'm turning very positive on homebuilders here.

Deep discounts to book ( those unsold homes on the books will sell eventualy)

The worst of mortgage crunch is over for the time being. Stocks are hated.
What? Are you joking? The worst has yet to come

I'm a buyer here.

Edited by Insider, 02 October 2007 - 09:50 AM.

[ogm]

The worst is yet to come ? How so ?

[Bob-C]

Hi paulstan and Insider, IMHO, the pump and dump houses are shilling the HBs so that they can distribute them at higher prices and then sell them short prior to the next decline of the HBs, IMVHO, the worst is indeed yet to come for the HBs afteer they finish their pump and dump HB DCAT rally. There will most likelly be more severe declines ahead for the MBSs, CDOs, and HBs after the current DCAT HB rally is over and they run into overhead resistances and most probably fail. Then cover stories will be used to knock them down hard again. IMHO, beware of investment-house and media shills pumping any stocks including the HBs, they just want to get rid of their own inventory and their best clients' inventory before they go short preparatory to a decline in those stocks. Caveat emptor! Cheers, Bob-C

Edited by Bob-C, 02 October 2007 - 10:30 AM.

[tommyt]

most of the bad news on tube and in the press is discounted FOR NOW...as evidenced by this mornings number, the stks yawned and took off. Turn on CNBC and every feature is ugly. I'm expecting the stks to have a nice rally, funnymentals don't necessarily correlate to stock price movement ST

[Bob-C]

Hi everyone, IMHO, there has been very heavy distribution and/or short selling of the HBs today including PHM now $.40 off its ID high, and KBH now almost $1.00 off its ID high. Check out their volumes and those of the other HBs which have already exceeded their average daily volumes. Cheers, Bob-C

Edited by Bob-C, 02 October 2007 - 11:12 AM.

[Bob-C]

Hi everyone, here is the KBH daily TL chart:
http://chart.nu/char...7&filter=34.png

Here is the KBH weekly TL chart:
http://chart.nu/char...1&filter=21.png

Here is the PHM daily TL chart:
http://chart.nu/char...7&filter=34.png

Here is the PHM weekly TL chart:
http://chart.nu/char...1&filter=21.png

Note, both KBH and PHM are bumping against up against their upward resistance lines which are in this case their downward MAs. IMHO, both KBH and PHM are "railroad track" stocks, i.e., they follow their MAs downward into the abyss.

Cheers,

Bob-C