a gauntlet of harm originating from rising interest rates, the elimination of first-time homebuyer tax credit, unemployment/weak economy, and decreased foreign funding.
At the time, I shorted a handful of homebuilders, including KBH at $15.05 per share. Since then, the stock has fallen by a third, and I covered KBH at $9.71. This traded yielded me a 33.6% gain in less than six months. I still retain open positions in NVR (long) and RYL & MHO (short) from the January trade.
|7/8/2011||KBH||bought to cover||75||9.71||$ (738.20)|