Whipping around NVR

The beat goes on for the builders.  Every uptick in the group seems to get faded. 

Not long ago NVR, Inc. (NVR-NYSE) was shaking off the home builder blues, but the stock has been catching up, falling from $850 a share to the $560 area. While people love to trade Google, this has been the highest priced, amd most volatile, stock for some time now. The issue was one of the quants favorite names last time they filed their holdings, and $50 intra day swings have been commonplace in the stock over the past month as traders whip it around.

NVR’s stock might have held up better given its balance sheet, but it was unreasonable to think it could hide while it peers were getting creamed. It stuck out like a sore thumb, and has been hammered down.

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The content contained represent the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. No Position NVR

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