End of the road for Homebuilder Stocks
Standard Pacific Corp. [NYSE:SPF]
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| _Gomaxgo’s Risky Business Portfolio | ||
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| Reason for the pick |
Update (Oct 20th, 2008): Sell HOV, SPF: The sudden leap in mortgage rates due to the bailout knocked the homebuilders off course yet again. Someday there will be tidy profits to be made as they lead the market back from the bottom, but this latest setback has put the comeback on hold. Get out now before more principle erodes. BUY SPF (Sep 29th, 2008): Another homebuilder pick in my portfolio that I believe is all set to surge with much awaited housing rally. |
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| Pick Status | Open | |
| Pick Date | 29/09/2008 | |
| Price when picked | $4.85 | |
| Pick close date | 20/10/2008 | |
| Performance | -34.02% | |
| Target closing price | N/A | |
| Position | BUY | |
Performance data for Open stock picks is calculated weekly (Monday) based on the opening price on the date the stock was recommended or the start of the selected period, to the closing price on the Friday ( or last trading day previous to Monday).
Performance data for Closed stock picks is calculated weekly (Monday) based on the opening price on the date the stock was recommended or the start of the selected period, to the closing price as picked by portfolio manager or closing price as on the Friday at Market Close ( or last trading day previous to Monday).
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