Tuesday, June 26, 2007

Homebuilders Break The Year Low



Today the homebuilding index broke through the year low. I've been short this group of stocks since June 18th looking for them to break down which they did today with good momentum.

I covered half my position as the homebuilding index broke through the year low. So far this has been a really big trade for me as the entire group is collapsing. LEN and HOV are two of my best shorts. We'll see how much more they can fall in the days to come.

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