Is it time to short home builders?

Posted by downtowntrader | 8/23/2005 01:35:00 PM | 0 comments »

I shorted TOL earlier this morning. I actually shorted them last week.. but was stopped out on a poor stop on my part. But they have closed below trend line twice and there was a bad report on July home sales that may be the catalyst needed. Shorted at 48.21. We'll see how it works out.