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Wednesday, 14 January 2015

KB Homes: Spike shot down

KB Homes: yesterday I predicted a spike on the publication of Q4 earnings, similar to last year's Q4 report (brown arrows indicate these spikes. This year again Q4 was good, and initially the price rose. However, questions put elicited the information that Q1 is expected to be down and that the company's targets would not be met. the price plummeted, bringing a down-spike instead. A punt that did not come off!

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