Dark Money Sell Alert: Cut Losses On BLDR Calls

BLDR is a good way to profit from the housing boom. However, considering the recent cooling of housing data, the stock is likely to move sideways between now and the August 20 expiration of our calls. We’ve had a nice recovery in this position which minimizes our loss on an otherwise disappointing trade. Let’s sell today.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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