I wrote Wednesday in [Cutting Lennar]
I am cutting almost all of our position and taking it from 1.4% stake to 0.1%. If I could, I'd be short Lennar here from the $9.50s where I sold. (stop loss over $10.10) This chart screams "short me".
Today, despite a nice stock market - Lennar is down 11% and is printing at $7.50. Meaning in 2 days we'd of made 21% on this call. I'd take that with a nice 2-3% position...
These are opportunities we are missing every day, and hurting our performance. But would of been excellent additions in a "real world" environment, where I could actually play both sides of individual stocks. Profits left on tables everywhere...Long Lennar in fund; no personal position
1 comments:
Excellent technical call :). Whole housing sector is weak today...I didn't pull the trigger on your LEN specifically, but I did jump on a couple of other names (DHI and CTX).
Even though you can't exactly benefit, at least you're creating a nice "record" of these types of calls. Keep em coming!
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