I sold about 1/4th of the Meritage Homes (MTH) position yesterday as it broke support; for some reason I cannot figure out it was up 9% today so I took the opportunity to sell most of the rest this AM. This was nearly a 2% stake yesterday and we are back down to a 0.2% exposure as I assess how these homebuilder stocks will act from here. Today we had the first shot in the armor of existing home sales; new home sales are tomorrow.

Net net, made a minor amount of money on this position since our last purchases but nothing special.

EDIT Noon: Reader says Goldman upgraded the stock today.

Long Meritage Homes in fund; no personal position

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