Replies to post #47 on Lennar Corp Class A (LEN)

[Santa Barbara Broker]

Happened exactly as I predicted. There was a dip into the 11s and a huge buyer came on board. New base is $12.50. "Huge buyer" wasn't you in case you're wondering, lol. Stock's "momentum" is 100% dependant on the general market right now which had a couple days dead cat bounce off a perception of being oversold. September will be a bloodbath and see LEN back down into the 11s again. Play it against that and you'll be losing money in no time.