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jenna

09/12/03 1:35 PM

#17561 RE: jenna #17560

LEN continues to break higher here. Broke nicely above the 38% retracement (I would not be too concerned about some pullbacks on the daily) just raise the trailing stop below the last pullback and wait for the next breakout)TOL broke nicely from a 38% retracement at 26.44 and moved to 30.74 although not directly. Got stopped out of TOL 27.30 but still reentered 27.47 so with LEN I'm also taking the approach of not letting up on this one. Earnings in both KBH and LEN are next week looking for more anticipatory upswing.

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jenna

09/12/03 2:03 PM

#17564 RE: jenna #17560

SGMS high of the session now up 16.27% Don't think the market will give us those gains we got from March/July. Stock picker's market and we have to search among the ruins for the "gems" which is what we do actually! Techs nice moves only intraday but nothing to take home, only earnings plays BEFORE the report and sturdier and for now we'll stick with before the report for the "anticipatory upswing" and even the "anticipatory downswing" like we got from ADBE and I'm getting from the BBY puts for now.