BMHC ==> The Auggie Doggie Winner!

[mrmarket]

Wow you folks are really getting crushed holding all of these homebuilders. Let me ask you this, if i told you March 2000 was going to be a 10-year top for the NASDAQ, would you hold ANY STOCKS PERIOD in April 2000? Seems to me like you folks have bought the homebuilders at THE ABSOLUTE HIGH.

Now one point that was missed in all of this analysis is that the FED is specifically trying to cool down the housing market, right? Well, you know the old axiom - DON'T FIGHT THE FED!

I disagree with you.

[[email protected]]

Homebuilder suck ass today..

This was a horrible time to buy

[mrmarket]

When I make my 15%, it means it was never a horrible time to buy.

[Peter Hansen]

KBH Triggered sell at 76.60

You have to know when to hold and when to fold.......take it for what is is worth ........... an education.......bottom line set your stops and never look back ,and don't marry a stock. There is always a new bus coming!

[[email protected]]

You are right

When I make my 15%, it means it was never a horrible time to buy.



Off to Az, to get my hope back up again.....Thanks for the support Mr. M...trying to stay positive on my favorite sector...

[billyjoe]

Wow you folks are really getting crushed holding all of these homebuilders. Let me ask you this, if i told you March 2000 was going to be a 10-year top for the NASDAQ, would you hold ANY STOCKS PERIOD in April 2000? Seems to me like you folks have bought the homebuilders at THE ABSOLUTE HIGH.

Now one point that was missed in all of this analysis is that the FED is specifically trying to cool down the housing market, right? Well, you know the old axiom - DON'T FIGHT THE FED!

Div Arb, I must disagree. Nobody knows what the absolute high or low of an individual sector or the market in general will be. Out of the tens of thousands of financial experts, one or two will accidentally get it right.

When the DOW hit 3500 in 1993 or whenever it was I couldn't believe it could get much higher and wanted to sell out all my mutual funds. Fortunately I didn't.

billyjoe

[spikefader]

OK folks; at this very second you have a 4 month weekly channel long for BMHC. There is an intraday quad bottom (albeit descending triangle) so now is a valid long entry area, with stop under the low of day for best r/r. Now trading 73.81. Bargain!

[[email protected]]

Bidu Bidu

Holy moly. I cannot beleive this thing got in at 80 and almost had a heart attack....

Heads UP

[div_arb]

Div Arb, I must disagree. Nobody knows what the absolute high or low of an individual sector or the market in general will be. Out of the tens of thousands of financial experts, one or two will accidentally get it right.

When the DOW hit 3500 in 1993 or whenever it was I couldn't believe it could get much higher and wanted to sell out all my mutual funds. Fortunately I didn't.

billyjoe

True, but things were clearly lining up for a large correction in the housing market. Again I will reiterate - DONT FIGHT THE FED! Why do you think this expression exists??

If anyone has a membership to stockcharts.com, there is an interesting article from John Murphy concerning recent moves in the housing sector.

[mrmarket]

True, but things were clearly lining up for a large correction in the housing market. Again I will reiterate - DONT FIGHT THE FED! Why do you think this expression exists??

If anyone has a membership to stockcharts.com, there is an interesting article from John Murphy concerning recent moves in the housing sector.

So what's your point? You think BMHC will continue to trend down? Let's hear your fundamental reasoning.

I view this as a technical correction and feel that BMHC is a very good value here. I've seen these things happen dozens of times.

[Dave]

This reminds me of last year when I was holding NCEN (now NEW), a mortgage company. Every time someone screamed about the refi business drying up, the stock would bounce around. Well, they were using their refi-bubble profits to expand their business, and eventually the stock rebounded and went WAY up. I expect the same here. BMHC has been expanding their business, and even if the housing market dries up a bit, they can make up for it with their ongoing expansions. I view this as a knee-jerk correction that ought to reverse quickly as people realize the fundamentals have not changed.

-Dave

[New-born baby]

This reminds me of last year when I was holding NCEN (now NEW), a mortgage company. Every time someone screamed about the refi business drying up, the stock would bounce around. Well, they were using their refi-bubble profits to expand their business, and eventually the stock rebounded and went WAY up. I expect the same here. BMHC has been expanding their business, and even if the housing market dries up a bit, they can make up for it with their ongoing expansions. I view this as a knee-jerk correction that ought to reverse quickly as people realize the fundamentals have not changed.

-Dave

Dave,
Did you double up at this level?
Down $7.04 today, might be a good entry. I haven't looked at the charts just yet.

[mrmarket]

I chalk this one up to LOUD NOISES! Have a good weekend everyone. Remember what's important.

[Websman]

I chalk this one up to LOUD NOISES! Have a good weekend everyone. Remember what's important.

Yea, remember what is important. BEER! oh...and EARNINGS!

[New-born baby]

The reason for loud noises

I chalk this one up to LOUD NOISES!

That loud noise was caused by the real estate bubble bursting.