If it cant go up...must go down?

Discussion in 'Trading' started by dac8555, Nov 16, 2005.

  1. dac8555


    The Fort Worth, Texas-based homebuilder (DHI:
    D.R. Horton, Inc.
    News, chart, profile
    Last: 32.71+0.40+1.24%

    1:30pm 11/16/2005

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    FinancialsMore DHIDHI32.71, +0.40, +1.2%) said quarterly earnings rose to a record $563.8 million, or $1.77 a share, compared with $349.6 million, $1.11 a share in the year-ago period.

    Analysts surveyed by Thomson First Call had forecast net income of $1.63 a share.

    The company raised its profit outlook for fiscal 2006 to a range of $5.22 to $5.32 a share. Previously, D.R. Horton had forecast net income between $5 and $5.05 a share.

    The company reiterated its earnings forecast for the fiscal first quarter of 2006 of 90 cents to 95 cents a share, while analysts see 99 cents a share.

    If it gets insane numbers...and only goes up 1%...but fell last week 9% becuase the competition said "housing is cooling off"...The way i see it, it is ripe to drop.

    do you generally agree across most markets? if it fails to rally, go short...or Visa versa