Murder on the Bay streetWow!!!! What a killing today. I was affraid LNR may drop to $45, but to break $44 is not a very good sign for year end. Well, live and learn. This is my only position since I sold everything else in November and bought LNR as my year end trade. At this point, I am not adding any more, but will not sell below $50, so I may be in it for a while. Funny is that LNR was a bit over $50 a week ago Monday. At that time I thought thigs will improve. Wrong again.
I still think it is way undervalued and now oversold. With Trump's steel tarrifs, trade arguments with China, markets falling, LNR has been hit from all sides. I don't know what will initiate a turna around for this one, but I don't see it in the near future. Very gloomy few months ahead. Hope I am wrong on this one as well.
Let's see how this day unfolds to see if things will improve.
Good luck to all and happy upcoming holidays.