Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Homebuilders
Date: Tue, 4 Jun 2002 22:17:22 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_0049_01C20C15.99413830 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My personal opinion, for what it's worth, is that the group is = collectively taking a breather and correcting / consolidating 18 months = or so of steady gains. I see no diminishment in the reasons for past = good performance at present, nor do I see that changing for another six = months or so at least. Capital gains can still be rolled over into a new house to defer taxes = on the gains, but only if the new house cost basis is equal to or = greater than the old. There is a new tax exemption permitting up to = $250K in gains to be taken after occupying a house for three years, I = think, without paying taxes. - ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, June 04, 2002 2:00 PM Subject: Re: [CANSLIM] Homebuilders House builders belong to a group with many regional participants. My = understanding is that the largest of them handles 3% of the entire = market. A look at the top ten shows a share price roll off for the past month. Question: Is this the top of their major up cycle, or is it just a small cycle in = a continuing up trend? Interest rates are still low, the 1996 law allowing a seller to pocket = gains TAX FREE continues, but "fear" continues. ----- Original Message -----=20 From: Eric Jaenike=20 To: canslim group=20 Sent: Tuesday, June 04, 2002 1:14 PM Subject: [CANSLIM] Homebuilders Looks like they're really starting to break down here. Eric - -------------------------------------------------------------------------= - ----- Do You Yahoo!? Sign-up for Video Highlights of 2002 FIFA World Cup - ------=_NextPart_000_0049_01C20C15.99413830 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>My personal opinion, for what it's worth, is = that the=20 group is collectively taking a breather and correcting / consolidating = 18 months=20 or so of steady gains. I see no diminishment in the reasons for past = good=20 performance at present, nor do I see that changing for another six = months or so=20 at least.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Capital gains can still be rolled over into a = new house to=20 defer taxes on the gains, but only if the new house cost basis is equal = to or=20 greater than the old. There is a new tax exemption permitting up to = $250K in=20 gains to be taken after occupying a house for three years, I think, = without=20 paying taxes.</FONT></DIV> <DIV> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dwlittle1@peoplepc.com = href=3D"mailto:wlittle1@peoplepc.com">Winston=20 Little</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Tuesday, June 04, 2002 2:00 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] Homebuilders</DIV></DIV> <DIV><BR></DIV> <DIV><FONT size=3D2>House builders belong to a group with many = regional=20 participants. My understanding is that the largest of them handles 3% of = the=20 entire market.</FONT></DIV> <DIV><FONT size=3D2>A look at the top ten shows a share price roll off = for the=20 past month.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Question:</FONT></DIV> <DIV><FONT size=3D2>Is this the top of their major up cycle, or is it = just a small=20 cycle in a continuing up trend?</FONT></DIV> <DIV><FONT size=3D2>Interest rates are still low, the 1996 law allowing = a seller=20 to pocket gains TAX FREE continues, but "fear" continues.</FONT></DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dericjaenike@yahoo.com = href=3D"mailto:ericjaenike@yahoo.com">Eric=20 Jaenike</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim group</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, June 04, 2002 = 1:14=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] = Homebuilders</DIV> <DIV><BR></DIV> <P>Looks like they're really starting to break down here.</P> <P>Eric</P> <P><BR> <HR SIZE=3D1> <B>Do You Yahoo!?</B><BR><A=20 = href=3D"http://rd.yahoo.com/welcome/*http://fifaworldcup.yahoo.com/fc/en/= spl">Sign-up=20 for Video Highlights</A> of 2002 FIFA World = Cup</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0049_01C20C15.99413830-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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