Look folks - can I just say that some of you are overly emotionally attached to this share. Every time we get a piece of RNS you see the worst in it because that's the way the you need to see the news to justify staying short.
Also, just because EK is short doesn't mean he's right. In fact he makes quite alot of bad calls. However, that doesn't mean that his hit rate isn't over 50%. Also it doesn't mean he knows how to use stops.
I'm not particuarly a fundamentalist or a chartist but the fundamentalists will tell you that the housing sector is improving from it's low when Mervyn King made that announcement in Feb and the chartists will tell you it's in an uptrend and not to fight the trend. They are also going to tell you it's broken out above 400 and you can already see how fast it's moved away from there. Where's the next resistance point? There isn't one.
Sometimes you just have to admit you've got a trade wrong and that your money can be better employed elsewhere.
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