Re: [CANSLIM] Homebuilders- fundamentals

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Homebuilders- fundamentals
Date: Thu, 2 May 2002 11:42:01 -0700 (PDT)

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Dave

No one ask you to climb on and getting into a couple
of home builder stocks now. If you follow CANSLIM you
should not get into any stocks which is already over
extended. And even if it is turning into a bubble, and
you do own some, if you follow CANSLIM you would have
sound exit strategies in place.

I am quite happy with my gains in RYL and NVR over the
last couple of months. Can you say the same for your
other fish in the sea?  CANSLIM is about buying market
leaders.  Someone not comfortable with that, will
probably not be comfortable with CANSLIM.

Remember not all stocks going up is a bubble. I always
thought a bubble is caused by paying some ludicrous
prices for something fundamentally almost worthless.
Have you look at the fundamentals for some of the
homebuilders?  Did you see how low their P/E is
compared to their 5 year high? Would you mind
explaining what your definition of a bubble is and why
you consider home builders one?

Regards
- - Fanus

- --- Davellil5@aol.com wrote:
> During the tulip craze in Holland hundreds of years
> ago, many undoubtedly 
> found reasons for believing that the craze would
> continue -- even as it 
> approached its end.
> 
> Is that what's happening with the homebuilding
> bubble now?  Do we climb on 
> even when these stocks are making tertiary and
> quaternary base formations?
> 
> I feel safer looking for other fish in the sea.
> 
> Regards, Dave
> 
> -
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