Lennar Corp Class A (LEN)

[Santa Barbara Broker]

Read my earlier posts. Your "logic" is fighting itself. You say you want to play on momentum and then take a bullish stance on home builders? You'll get killed if you play both sides for the middle in Septemeber. I expect LEN back at $21 early next year. If you get yourself trashed in Septemebr chasing it up and down, you'll have that much less money to invest when it will do you some good.

Just to show you I'm not a bad guy...go take a long hard look at KEM. There's a fortune there waiting long term and as a low cost trading vehicle while you're waiting. $2K a day can be had easy most days once you've adapted yourself to the trading patterns. Let LEN find out where it wants to be...12% short interest is just too high in an unstable low volume market. Maybe October once the election results are starting to shape up a little clearer.