This post was just published on ZYX Buy Change Alert.
KB Home (KBH) stock is long from $16.15. It just ticked at $36 in the pre-market after reporting earnings better than consensus and the whisper numbers. 30% of full core position size is being held.
Congratulations, you more than doubled your money in KBH.
This shows the power of contrary investing and knowing what is really going on. When we were calling for accumulating KBH stock, most of Wall Street was calling for selling the stock. As prices dipped on Wall Street calls to sell the stock, we were more than happy to take the other side and buy the stock cheaply.
Interestingly, many Wall Street analysis are still negative while we have more than doubled our money in the stock.
The target zone is $42 to $45. The buy zone is $29 to $32.56. The ‘Buy Now’ rating is a ‘YES,’ preferably on a 3% to 5% pull back.
What To Do Now
Those in the stock and have been booking partial profits in accordance with our calls may consider continuing to hold.
Those who have not been booking profits may consider taking partial profits on a small tranche right here.
Those not in the stock and following the ‘Best Way’ may wait for a pull back into the buy zone.
Those not in the stock and following the ‘Good Way’ may consider starting a very small tranche on a small pull back.
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