Abe Mishima

Homebuilder Troubles, Large and Small [Housing Tracker]

Judy, judy, judy ... This could be the greatest screwball period of investing I have ever witnessed. Every homebuilder that I track is losing money. Some are near their 52-week lows again, and one just broke through the ignominious level today, agan, and with a vengeance. CTX is the unlucky victim. I have to admit I am long this turkey now. Down about 18 cents. Ever try to catch a falling chimney?