Trader Mark submits:
We cut almost all our Meritage Homes (MTH) a week ago Friday, in retrospect about 4 days too early (despite a 25% one week surge), so Tuesday's 11% drop does nothing to us, as we have a 0.1% stake. I don't want to rebuy here, because after the drop, it is still above the price we sold. These home builders are extremely volatile and sensitive to news, so the charts are not quite so useful either, but here is the current look.
Tuesday, Meritage had earnings andSource: Seeking Alpha RSS Feed
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