• Ocean Man
    Short DHI at 16.30.
    6/25/12
    Reply (9)
    • Dr. Kris: May I ask why you're shorting this when there's a slew of others much uglier, such as my trade of the day: http://bit.ly/l4dzXu
      6/25/12
    • Dr. Kris: And yes that was a shameless plug but I would still really like to know why you're picking on a hapless homebuilder.
      6/25/12
    • Ocean Man: The homebuilders have had a big run and have a lot of room to fall if things get ugly. Foreclosures were stalled for a while during
      6/25/12
    • Ocean Man: litigation on improper procedures, allowing new home building to inflate, but I see those two reversing with a flood of foreclosures coming.
      6/25/12
    • Ocean Man: Your oil services short is a solid idea. I made some money on CJES puts earlier this month, should have held them longer.
      6/25/12
    • lewwillis: Are you re-shorting this pop, or just staying put... Followed you in on this one too. :)
      6/26/12
    • Ocean Man: Just posted. Stopped out for a 2% loss, ugh. Re-shorted up 4% at 16.90.
      6/26/12
    • lewwillis: Thanks - saw that. I appreciate the update!
      6/26/12
    • Dr. Kris: B/c of rising demand, next wave of foreclosures could get swallowed quickly. Better places to short, IMO.
      6/27/12