Home builders kept on doing their job....building houses.
They where beat down hard in stock price, but recently rebounded significantly.
I don't believe sky is the limit for them....yet. We need to eat away at the multi-year excess built up in houses and free up lending.
Toll brothers, Centex, KBHome and others have recently rallied. But I like Toll brothers as a short.
Toll is probably not going to zero, but I doubt their stock is poised for a rocket ride.
So a short at 25 buck, if/when we hit it, and a "cover" of 26-27, so 1-2 buck risk if wrong. Otherwise target cover at 15, 2 buck risk if wrong, 10 buck reward if right.
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