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March 26, 2007 at 1:39 PM #48481
Happy renter
Participant

no_such_reality,

1. In the absence of serious negative news? (There are a lot of negative news to the real estate already. And it will be more & more.)

Negative news:
http://biz.yahoo.com/ap/070326/economy.html?.v=8

2. Unless the stock is fundamentally weak and produces disappointments with earnings. (Stock price does not only base one the past earngins, investers look at potential future earnings more.)

FYI:
Shares of home builders were lower in late-morning trading, with KB Home (KBH, news, msgs) down 2.6% at $45.23 and Lennar (LEN, news, msgs) down 2.5% at $44.45.