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6 pts

Opinion on  SPDR Homebuilders ETF (XHB)     Sector: Financial  >  Industry: Misc. Financial Services
Coincidence?

Dec 01, 2007 12:01 AM GMT
Larrydavid_curbyourenthusiasm_135_001
Return Risk
+13.49% HIGH
Sr. Analyst

Is it a coincidence that almost everything in the HB sector was up on the last day of the month that statements are going out to stock holders?

How does the [potential but unlikely if you ask me] delay in the ARM interest rate resets, the increase in foreclosures, the tightening of the lending standards exactly help homebuilders?


XHB:  This call was made on 12/01/07 @ $19.14
Rating:   Negative   $19.14 (12/01/07)
Closed:   12/11/2007 @ $21.68 (-13.27% in 10 days)
Target:   $17.00 (-11.18%) in < two weeks


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tonyh previously rated XHB
Negative +29.34% Too much!
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