Not much into narratives, but good for context... I've been
looking for a place in Colorado. Went out there last week to
look around. Visited with a half dozen medium to large-scale
home-builders. Same story with each one... their current
developments are sold out and they don't have new ones ready to go.
It typically takes years to sell all the homes in a large
development, so they have time to tee up their next location.
Some were looking at start dates 18 months out, some had
nothing new tee'd up at all. Years of revenue have been
condensed into a very short time frame and it sounds like the next
12-18 months could be pretty lean for them.
ITB ...
Posted by mla127 on 11th of May 2021 at 08:11 am
ITB ...
ITB ... Home Construction ETF
Posted by mla127 on 11th of May 2021 at 04:12 pm
ITB ... Home Construction ETF ... that candle slipped between the joists ....
ITB
Posted by mla127 on 12th of May 2021 at 10:58 am
ITB
ITB ... Consolidating around it's
Posted by mla127 on 24th of May 2021 at 11:49 am
ITB ... Consolidating around it's first target / support area ... and right under it's 50DMA ... looks weak ...
ITB ... More downside to
Posted by mla127 on 9th of Jun 2021 at 01:58 pm
ITB ... More downside to come ... bear flagging now
ITB ... Never thought this
Posted by mla127 on 11th of Jun 2021 at 12:10 pm
ITB ... Never thought this would lead to such downside when I first started posting it as a topping candle on May 11th ... lol
Not much into narratives, but
Posted by rjdst on 11th of Jun 2021 at 12:19 pm
Not much into narratives, but good for context... I've been looking for a place in Colorado. Went out there last week to look around. Visited with a half dozen medium to large-scale home-builders. Same story with each one... their current developments are sold out and they don't have new ones ready to go.
It typically takes years to sell all the homes in a large development, so they have time to tee up their next location. Some were looking at start dates 18 months out, some had nothing new tee'd up at all. Years of revenue have been condensed into a very short time frame and it sounds like the next 12-18 months could be pretty lean for them.
thanks, nice gainer. I need
Posted by retirefire on 11th of May 2021 at 04:23 pm
thanks, nice gainer. I need to concentrate on these type ETF