Barry Robbins

KB Homes Betting On Countrywide Just As Market Kills It

I have been shorting the financials (SKF) and real estate (SRS). But at the end of day Tuesday, after CFC sold off almost 30% in one day, I decided to make a buy. The selling just seemed to be frantic. And as they say, that is the best time to buy. So I picked up CFC at 5.46. I am already down, but I am going to hold a few days and see what happens. I have a feeling CFC is going to bounce back a bit.