RE: Nicely trading above the 50 and 200 DMA'sBT - I guess its how you look at the data. Some would suggest the bloom is off the rose in the high-end luxury house market and the US new homes sales are starting to slip noticeably and if the builder's didn't have all kinds of incentives they would be falling off the map.
Credit is tightening for sure, just try and get 1/2 – 1 million mortgages now without 25-30% down, impossible I would think.
I'm not trying to sound negative, ECA has many good qualities and I hope they deliver some good news next week but I would have preferred being called away today at 56, please.
Oh well early indications are not good for my July 56 calls getting called away, hey maybe I'll sell August 56 calls it's just like a monthly dividend.
Cheers and GL BT