deniro, just remember, your losses are your best friend. Note it on paper what went wrong, and in the future, you'll feel much more confident of going in. Don't let one error affect your future decisions, What you said, makes sense, and it's also apart of the reason why now is the time to short these pigs. I think the shorts are exhausted here, and you can see the volume declining and declining. Many have said 'to hell with these stocks,' they are now in a clear bubble. In late December, someone was talking about shorting homebuilders, and I did alert them because I thought they would bubble them up one more time before they ultimately collapse.
Well I now believe that the bubble is here, I think we've had 2 months in a row of dissapointing home sales and other home-related economic data. I don't see January or February doing anything special, and with the economy actually on the midst of ruins, only being sewn together by a housing bubble, and the Fed now on the verge of at least 3(+) rate hikes, this bubble is like red meat, put a fork in it.
This move is completely irrational, and we may never see these types of prices in homes ever again, this is the inverse of the 1929 crash, people took their money in 2000 and put it in homes and properties, well it's all about to come to an end...