PulteGroup, Inc.Short
PulteGroup Has Entered Short Zone
I'm scaling into a short on PulteGroup with excellent risk/reward. Staggering to me that home builders across the industry are seeing their stocks soar today, despite an absolute routing of their revenues. There is a lag in revenue reporting and the distress they are experiencing will be reflected in their earnings soon. From a technical standpoint, this trade makes sense with the stop as pictured.
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