Originally posted by mrmarket
KBH ==> The Hot and Humid Winner
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Question? Re Mr Market's response
Originally posted by mrmarketI wouldn't sweat it. BMHC has been in the Top 5 four times and in a data dump 10 times. It must have SOMETHING going for it.
Many members have banked heavy coin investing in Top 5 bridesmaids. Someone on here used to track this. I can't remember, it's Friday night and I'm already hammered.
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Going, going, gone!
Yesterday, watching the Yankee game on tv, Matsui's Home Run cleared the wall in right center field just above the KB Home sign!!!!
Now, THAT'S what I call a SURE SIGN!!99 percent of Politicians give the rest a bad name.
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BMHC too.
Originally posted by Peter HansenToday 7/27/05 Zacks has placed KBH and KOPN on their # 1 STRONG BUY list.......for whatever that is worth? Do the ZACKS recommendations light any fires under you guys.?............LOLHappy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
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Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
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Money flow index hits 70
Originally posted by spikefader
Thanks.Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
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Originally posted by df21084Looks like the money flow index has reached 70. But spike, why do you use an index value of 70? Why not 60?
Thanks.
Why 70? MFI is simply a momentum indicator measuring the strength of money flowing in and out of an issue. It takes into account volume. You're using PSAR to spot your hourly trend, so an extreme like 70 confirms the apparent momentus volume coming in, which is what you're waiting for. You don't want to enter a trend without the confirmation that big momo money is behind the next push up (sure, 60 may work fine, but I just like that little bit extra push).
On the flip side, you don't want to be entering a long when the hourly trend is against you and MFI shows a reading of 30 (momo exiting money); unless you use a different type of system like my channel long days and reversal patterns. That's an entirely different method and uses different criteria.
There's more than one way to skin a cat and this trend/money flow combo is just one of them. But I think it's good for MM picks because of its simplicity and the logic behind it.
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Thanks spikefader
Useful information, as always. And I do like the seemingly simplistic approach of this system.
And thanks for the link for QuoteTracker. It's very nice software. I'm long on KBH and BMHC; however BMHC has me a little worried right now based on the MFI.
We will see.
Thanks again.Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
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I heard on Bloomberg Radio this morning ...
... that Ethan Allen Interiors (ETH) stock price has declined over 20% since November, 2004. That seems rather contrary to the trend of stocks such as TOL and KBH.
Ethan Allen makes high quality furniture, although I don't really like their styles in recent years. I wonder what all these TOL and KBH home buyers are furnishing their homes with. Cheap imported american-looking junk, or nothing?
I just thought it was interesting. I would have thought that furniture manufacturers would correlate somewhat to how the housing industry performs.
Oh well ... what do I know?Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.
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I think KBH gave back all it's going to for some time now. I am H U G E!
And I just figured out how to change my profile so I can make COLORFUL posts.
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I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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