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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (39093)	8/25/2005 9:52:49 PM
From: CalculatedRisk	Respond to of 306849

TOL is a dog with fleas. It can't flow cash even in the best of times. Even Cramer is dumping it now. So Cramer is concerned about housing stocks such as Toll Brothers (TOL:NYSE - commentary - research - Cramer's Take), which reported a "picture perfect" quarter Thursday but saw its stock trade down. Action like that is the "death knell," said Cramer, because analysts are likely to downgrade Toll Brothers. And "why not downgrade it?" asked Cramer, who noted that Toll Brothers' stock is up 120% over a year ago. The fundamentals are great, Cramer said, but sometimes the fundamentals don't matter. Psychology and risk-reward perception sometimes matter more, and "neither are very good for Toll right now," he said. "You're going to catch a downgrade," Cramer said. "Don't be in." thestreet.com