Covering PHM @ $36.57
Realized loss of $7.12 (24.18%).
Ouch.
Sometimes you get burned on shorts. That's part of the game. We're covering our Pulte short today because Toll Brothers had great results last night and recent home data has been strong. After this all blows over and the celebration ends, we see homebuilders as in trouble. We'll short again when opportunity knocks.
So we'll take our lumps this time and be around to try again.
Realized loss of $7.12 (24.18%).
Ouch.
Sometimes you get burned on shorts. That's part of the game. We're covering our Pulte short today because Toll Brothers had great results last night and recent home data has been strong. After this all blows over and the celebration ends, we see homebuilders as in trouble. We'll short again when opportunity knocks.
So we'll take our lumps this time and be around to try again.
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