Wednesday, August 1, 2007

Today's CNBC Options Report

I covered the housing names, including the Beazer whipsaw. Be careful of playing rumors in this market. Most of the time companies will refuse comment on rumors, but when the game gets really nasty these companies will step up and refute rumors since the well being of the company could be at stake if its shares fall below certain levels as specified in loan covenants.

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