Lennar Corp Class A (LEN)

[Santa Barbara Broker]

Trust me...when LEN runs, it will run hard like before (although that was on the perennial "Arab buyout" rumors) and for the very reason you point out. They are going to need to find 15M shares in short order (no pun intended) and this bad boy will gain 30% in one day if full blown panic sets in. I just think you're a little early. Go play KEM for awhile.

(I'll get you started...50% of the time it spikes a few cents off the open, then drops until around 1030 HRS EDT. Once they shake loose the amateur hour crowd, it climbs till around 1300 HRS EDT. After that, it's your guess. Sometimes it tracks the S&P, sometimes the exact opposite. I'm usually in at 1000-1020 HRS out right after noon EDT. HINT: If you're going to hold overnight, buy at the 1030 HR or 1430 HR dips...you'll never match a decent order AH) GLTY.

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