p.s. I should have added that I would wait to see if KBH shares fall back into the teens before considering them for a purchase... They are currently at $42.02 a share. This time last year they were $80 and change. I think $15 to $18 is very doable.You do know that housing prices were up 1.3% YoY last month? Hard to see the wholesale collapse you are predicting. A year ago nobody was predicting a 50% price drop, now you are predicting a further 65%? Wow. Jan 08 $20 puts cost exactly $1.00 right now. You would make 3-5x your money if you are right about KBH, fyi. Are you going to buy any? Even if you're right only 33% of the time, you're way ahead.Naj
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