Housing Rolling Along 2

Like I said, how dumb do you have to be to not see the obvious?
-------------------------------------

You dont know how to read earnings reports..

Whats more important is guidance and looking forward.... what they report today is pretty much priced into the stock.. take a look at the chart.. stocks up %20 past 2 months.
 
Quote from Trend Fader:

Like I said, how dumb do you have to be to not see the obvious?
-------------------------------------

You dont know how to read earnings reports..

Whats more important is guidance and looking forward.... what they report today is pretty much priced into the stock.. take a look at the chart.. stocks up %20 past 2 months.
More...

LOL. They raised full year earnings guidance? Didn't ya see that part? Here it is: "Pulte raised its 2005 earnings guidance for continuing operations to a range of $10 to $10.50 a share and declared a 2-for-1 stock split. Additionally, Pulte plans to increase its quarterly dividend by 3 cents, to 8 cents a share, on a presplit basis." Its obvious you can't read reports. All the homebuilders were doing this since last year!!
I posted this in the 4th page of this thread:

39861.gif


The big picture is housing has a long long ways to go before problems show up.

And oh boy we got another chart reader..... this post was quite timely when he using a chart to make a case for a "distribution top" for that homebuilder. Straight line from under 30 to over 40. Chart readers, lol, everyone knows they're a joke. Hey Trendfader gives a good laugh and predict a collapse!!!!
 
The housing bears have missed out on the best market of the new millennium. Sure things will change, the tide always turns....................... but picking tops (or bottoms) is a losers game.

The facts speak for themselves.
 
Quote from Covertibility:

LOL. They raised full year earnings guidance? Didn't ya see that part? Here it is: "Pulte raised its 2005 earnings guidance for continuing operations to a range of $10 to $10.50 a share and declared a 2-for-1 stock split. Additionally, Pulte plans to increase its quarterly dividend by 3 cents, to 8 cents a share, on a presplit basis." Its obvious you can't read reports. All the homebuilders were doing this since last year!!
I posted this in the 4th page of this thread:

39861.gif


The big picture is housing has a long long ways to go before problems show up.

And oh boy we got another chart reader..... this post was quite timely when he using a chart to make a case for a "distribution top" for that homebuilder. Straight line from under 30 to over 40. Chart readers, lol, everyone knows they're a joke. Hey Trendfader gives a good laugh and predict a collapse!!!!
More...

I'm not calling for a crash because the fundementals are still strong.. but their earnings report was nothing to get excited about.

It will take super weak job reports.. or t-bills over 5% to crack the homebuilders.
 
Quote from Trend Fader:

I'm not calling for a crash because the fundementals are still strong.. but their earnings report was nothing to get excited about.

It will take super weak job reports.. or t-bills over 5% to crack the homebuilders.
More...

I'm gonna leave it at this. Check out the 1980's where rates were and how housing did pretty darn good then. This sector was the easiest thing to call with construction materials companies like Florida Rock (FRK) confirming that the homebuilding industry is solid. No fraud, no games, nothing is taking place to give bears and justification for weakness in this field.
 
Quote from Covertibility:

Check out the 1980's where rates were and how housing did pretty darn good then. .
More...

Thats irrelevant because there was no where near the amount of speculation and bubble like atmosphere going on today when compared to the 80's. I mean the amount of second/investor homes and the panic frenzy.

Also look at the price of the monthly payment of the home with a 30 year fixed mortgage 20% down paymenet.. today vs the 80s'.. relative to avg income. In some areas like FL, NYC, CA... they are off the charts...


--MIKE
 
read today about "hampton's " L.I. "fixer uppers"

going for 1.5 mil. and up ... in some cases ...

this figure is just for the land ( I assume in better locations near the water )

time to buy that RV , and park it out there !

:p
 
Quote from Copernicus:

good, did you buy 100 shares or are you just talking?
More...

From Copernicus on this thread:

1/26/05 : "this was the last qtr of outperformance for the builders"

7/27/05 :"the outperformance has topped out in the second quarter."

Who here wants to bet that he'll say sometime in a few months that Q3 will be the last quarter of outperformance?

Here's the doozy of the day (7/28/05 on this thread): "at best we get the gap and crap scenario with no volume follow through on the long side whatsover."

Its about 20 minutes til the close and PHM is up $3.55 or just under 4% for the day on volume of 2.8 million shares (average volume for this is 1.6 million). Its clear that this guy does not trade nor understands markets. Who here wants to guess what this guy does for a living?
 
Quote from Covertibility:

Go back to selling insurance leave the real world alone. Its 1:50 PM and PHM is hitting the highs of the day. Your racing against Trend Fader as the 2 biggest dumbasses currently on this thread. Congrats.
More...

Dude I am not shorting the homebuilders right now.. I will wait for signs of cracking..

Bottom line is that they can be down 30-50% in the next year or two.. the risk is huge.
 
You must log in or register to reply here.
Back
Top