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Never fear, $$MM, I'm sure TOL will be back at 58 in no time!
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Take just one look at their homes. It'll hit $58 again without delay. The market's getting a little beaten up today though.Originally posted by jiesen
But ... why not use limit orders?Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.Comment
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Originally posted by df21084
I like selling them myself. Gives me a cheap thrill.=============================
I am HUGE! Bring me your finest meats and cheeses.
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I love a cheap thrill too. But I find myself away from my computer too often. And it seems that the times that I'm not available are the times when I should be available. Go figure.Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.Comment
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Originally posted by df21084
It's only money. You gotta have fun too.=============================
I am HUGE! Bring me your finest meats and cheeses.
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HUGE! Preliminary earnings and order numbers. Wall Street doesn't seem impressed in pre-market. Go figure, this company is growing faster than Ebay and Wall Street only gives it a PE multiple of 15.
Time will tell who will be right on this one. I don't plan on being wrong.=============================
I am HUGE! Bring me your finest meats and cheeses.
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TOL should be flying right now
Was it something Bob Toll said? I didn't hear the conference call.Happy investing,
Dave
My opinion is worth no more than the price you paid for me to give it.Comment
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Wow, TOL just hit my limit at 51, so I picked my shares back up! Going for two rounds of 15% on this one!Originally posted by jiesenComment
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Looks like the Street didn't like some of their comments about some of their markets cooling off. Doesn't seem like a big deal as the numbers are still great. People are just looking for the RE bubble to pop, so anything that seems even slightly bad prompts some panic selling. Good buy opp if you ask me! BMHC also getting kicked around today, probably based on TOL's Las Vegas slowdown comments. Good buy opp there too!
-DaveComment
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Dave..I agree, although I never double down, due to the principles of diversication I learned from Prof. Donald Kiem, my guru at Wharton.Originally posted by Dave=============================
I am HUGE! Bring me your finest meats and cheeses.
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Originally posted by mrmarket
hmmm, now that you mention it, diversification does sound like a pretty good principle to incorporate into portfolio management...Comment
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Daily Recokning article
There is an article on Toll Brothers at the Daily Reckoning site
in the "Rude Awakening" section today.
TimTim - Retired Problem SolverComment
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Diversified Industries
Last night I was looking at the charts for TOL, HOV, MDC, BMHC, and KBH. I was shocked to find that most of those chart were identical. Yeah, diversification is a good thing because if one falls, all the sisters fall.Originally posted by jiesenComment
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I bought the Sept. 50 puts on TOL first thing this morning at the open for 1.65. In all honesty I could care less if it goes up or down as long as I'm holding the stock or option long or short in the right direction. If you had a 4 or 5 point gain in this stock with whatever instrument you might have been holding and lost those points today without taking anything off the table there is no way that anyone can persuade me that there is something positive in that.
Regardless of how I feel about the stock and the sector or that Ernie has a position in it means nothing. I've felt for awhile that the whole sector is way overbought and that there is no way that it could keep trending up without some type of pullback or consolidation.
This morning I caught a tidbit come across the newswire around 6:30/6:45 am about TOL and posted that on my thread. I knew it was going to take a hit the minute I read it. Worked out beautiful for me with the puts and although the gains are still on paper I don't think it's done yet. It took the rest of the sector down with it. KBH went way below what I was looking for as an entry on a good stock (76) to 74. This is going to provide a great entry once the blood letting is over with and who knows where the bottom will be.
I know that anyone thinking that they just keep going up forever without some consolidation after the recent gains they have had is out of touch especially with the signals the whole sector has been sending out the last couple of days.
Today had nothing to do with whether or not the stock is good or bad or worth the money, but just capitalism at it's finest and people taking their money back. It would have been terrible to have left 4/5 points on the table.
Jiesen, Is that a typo because the stock opened today at 53.05, the high was 53.24, and the low was 49.51 which the momo and daytraders picked up on and bought into to pick up almost a point before the final closing price. I don't think it ever saw 58 today.THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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It was fun riding TOL up to my target. That turned out to be an expensive round of golf on the Thursday that TOL went over 58 and I wasn't around to sell it.
I have zero doubt that TOL will continue to post stellar earnings and growing revenues for at least the next 9 months. How the market reacts is up to the market, but valuations can only take so much compression before management itself can take action (buy back stock, issue dividends, mergers, LBO's, etc).
If this was CMGI or KKD or some such heroic stock, I'd be leery, but TOL is thick with earnings.
I hope people in this forum on the short side make money with their short term positions. In the long run, TOL will reach my target (again!).=============================
I am HUGE! Bring me your finest meats and cheeses.
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