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August 2, 2007


Stock Du Jour (LEN) & Random Observations

Seesaw day with a negative bias and an absolutely insane last 30 minutes in the other direction. Nightmare for day traders?

Notable New Lows: Anything mortgage- or housing-related: Beazer (BZH), MGIC (MTG), E*Trade (ETFC) … LSI (LSI), Dillard’s (DDS), and Vonage (VG) — I know I’ve seen Happy Meals for $1.99.

Notable New Highs: Chipotle Mexican Grille (CMG), Garmin (GRMN), Applied Materials (AMAT), Navteq (NVT), and Dreamworks (DWA).

I’ll feature a monthly chart of Lennar (LEN) in which you can see a “classic” head and shoulders top. I don’t see it completing the measured move to $15, but maybe I’m just not bearish enough on these homebuilders.

LEN

This entry was posted on Thursday, August 2nd, 2007 at 8:31 am (utc+8) and is filed under Trading and Investing.

5 Responses to “Stock Du Jour (LEN) & Random Observations”

  1. Yuan said:
    August 2nd, 2007 at 3:56 pm

    Chairman, you seem to be fond of technical analysis more than fundamental analysis, don’t you? Would you say yourself a contrarian or momentum player?

  2. C. Maoxian said:
    August 2nd, 2007 at 4:09 pm

    Yuan: I’m comfortable in both worlds and dogmatic about neither. I’d say that I’m a contrarian investor and a momentum trader, if you see what I mean.

  3. Maoxian » Stock Du Jour (XHB Again) & Random Observations said:
    August 29th, 2007 at 7:07 am

    […] Notable New Lows: dELIA*s (DLIA), Borland (BORL), Timberland (TBL), Barclay’s (BCS), Cnet (CNET), Chico’s (CHS), Tenet Healthcare (THC), and every homebuilder out there: DHI, CTX, LEN, HOV, etc. (You may recall this post on Lennar.) […]

  4. Maoxian » Stock Du Jour (KSS) & Random Observations said:
    September 8th, 2007 at 8:48 am

    […] Notable New Lows: Krispy Kreme (KKD), Coldwater Creek (CWTR), Circuit City (CC), Kohl’s (KSS), Office Depot (ODP), DR Horton (DHI), Ryland (RYL), Lennar (LEN), KB Home (KBH), — the Homebuilders continue to tumble which is what all those massive head & shoulders tops (not just Lennar, but *all* of them) on their monthly charts “predicted” — Legg Mason (LM), Finisar (FNSR), Progressive (PGR), Omnicare (OCR), Nortel (NT), and Harley Davidson (HOG). […]

  5. Maoxian » Most Read Stories (26-Sep-2007 10:01:15) said:
    September 26th, 2007 at 10:52 am

    […] You mean the days of dumb lending are past? And the chartists looking for LEN at $15 may be right! […]

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