Taylor Woodrow is now notching daily gains, after the price was driven down by MM's during the share buy back, being managed well by the MM's and it is expected to break 300pence on the climb - consensus is that is PBT is 450M then 320p to 350p is not out of range. One to watch in the coming weeks and months, time to get on board is now.

The bonus is the shares just brought back would appear to be ammunition for a buying spree, now who are they going to buy ? They are held as treasury shares, I think something exciting is going to happen here soon.

Also expect the interest rates (UK) will rise if there is any sniff of a real house price increase, the US housing market is a bubble waiting to burst.

I am short on CWD and TWOD, expect both to fall but the present sector keeps rising and to some high levels over the last 2 days - doesn't do the margin account any good. As well as the opinion on the outcome of interest rates and housing the TA also backs up the theory and the 300p / 306p price limit, unless it breaks through the limit, but on the outlook for the sector I would have expected not to. You never know where the money will be thrown, as EK stated there are a lot of fools around with lots of spare cash. Just hope I am not one of them.

Minx