SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (68603)8/23/2005 11:50:20 AM
From: GVTucker  Respond to of 77400
 
The number of retail short sellers is so small that their tendencies can be ignored.



To: Lizzie Tudor who wrote (68603)8/23/2005 2:51:10 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
Lizzie, looks like you were prescient. Homebuilders all fell today and are likely to continue falling now that the statistics are showing a softening housing market...

Stocks fall amid worries about housing
news.yahoo.com
By Vivianne Rodrigues 16 minutes ago

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as a report showing a decline in existing home sales raised concern about consumer spending and the outlook for the U.S. economy.
ADVERTISEMENT

All 15 stocks in an index of homebuilder stocks (^DJUSHB - news) fell and the index itself was down almost 2 percent. The declines followed a report by the National Association of Realtors, which showed sales of previously owned homes slowed more than expected last month.

"Earlier this year homebuilder stocks were going up like Superman," said Al Goldman, a chief market strategist at A.G. Edwards in St. Louis. "Today's drop in the home sales report provided a good excuse for managers to finally sell those stocks and lock in some profits."