PLAY of the day PHM easiest play of the day. We called the housing breakdown which was after the gold and then the oil service break. Oil service was focus that began last week when we saw them as potentially overbought (PTEN with a p/e 1,345) no typo. http://www.investorshub.com/boards/read_msg.asp?message_id=794662 Every week we have a focus where our plays are narrowed down to which sectors are getting bloated and which earnings plays might cause major pullbacks.
RGLD
PHM
TOL
GS nice short of the latest rally (we didn't short the rally, we shorted below the resistance "nosebleed" 50 day moving average breakdown area)