3SOF

Just shorted some PHM today up over 5% today and the recent few days of rebounding seem to be over done. When the market turns PHM is going right back to 26-29 range. The same grim outlook still stands for residential construction.

Not sure where you see the short opportunity here... this thing just crossed the 50dma on increased volume... good MACD and RSI.  Resistance at between 32 and 34 will definitely slow it down... but that's another 8-10%...

You could still be right though... we shall see.

I dont believe PHM will run much more above the 50dma. Earnings are due tomorrow lets see where it will go from here, strong chance it will sell off with neutral to bad earnings and outlook news. Market also might have some problems tomorrow.

I did not know earnings were tomorrow    It is probably a good play then.... just technically the chart looked very nice for longs and not so nice for shorts... but earnings tend to stop stocks in their tracks.

Earnings released today after hours. I may cover my position in After Hours if it gets wild enough on the downside. So far up over 2.5% .

http://www.smartmoney.com/news/PR/index.cfm?story=PR-20060726-003121-1705

Earnings are released PHM just lowered guidance again! Doesnt look pretty for PHM good for shorting though 

Earnings released were horrible so was conference call... and what does PHM do go up 2%! lol I suppose its because the market is up today pretty big. Good time to short this dead dog is going to fall soon.

Looking good down over -3% now! on high volume 

Was a neutral day today for PHM. It was bearish in the morning and then made an unexpected comeback and closed slightly neutral. Im at about 5% profit in PHM still holding, PHM is still a good short and looks extremely bearish. >: Most likely the 50 dma on the *daily will act as a strong resistance and the 5 dma will drop again under the 20 dma and lead to another sell off . The MACD is heading into negative territory the RSI is at 50 ready for a drop again.

PHM

GYI broke the 200sma & 200ema (weekly scale) & never look back.

On a mid to long term short PHM looks even better . The last few days have been perfect entries for shorting.

Good day to short some PHM its heading back upto 30 excellent time to short I believe.

I am by no means a chart expert but PHM looks bullish to me.  It broke the 50 dma, MADX, RSI, and ADX all positive, and it is at the high of the day.   Nullzero what am I missing?

It looks good techincally but its a short on fundamental reason. The home builders are doing horrible and more bad news is most likely soon to pour in. PHM released lowered earnings outlook way below expectations. Foward PE is still high for a company that is likely to start doing land write offs.