Replies to post #318273 on Zeev's Turnips Patch-No Politics (ZEEV)

[AD]

mm, I know you didn't ax me , but hb are still making a ton of dough. Im surprised they didn't crack yet. They will. STopped out last week... watching for reentry

[Joe Stocks]

>>homebuilders rising in a rising rate environment?<<

I started to rebuild a trading short position today. It looks like a set-up to me. HB's have been weak relative to the market today. I would think that 'smart' money would start lightening up with rising rates. The index is butting up against resistance. Makes for a tight stoploss. Careful, BZH reports Friday. The way BZH is priced I think we may see a 'sell the news'. I won't be short BZH but will some others.
Last quarter BZH showed new orders up just 2.9%(as I recall). Orders down in 3 of 4 regions.

[cy esp]

I think the Merril call on lower interest rates may explain their performance

Merrill Lynch: Sees 3.5% 10-Yr. Treasury in '05

http://www.investorshub.com/boards/read_msg.asp?message_id=4468084