The good news is that I was right to get out of Sears (SHLD). It was down another $3.50 (2.25%) today.
The bad news is that I "should" have sold the rest of my holdings too, because every single stock I own had a lousy day. New York & Co. (NWY) is down more than five percent on what can only be described as lackluster July sales. They report quarterly results on the 18th.
Most of the rest of my holdings are down at least a percent. Toll Brothers (TOL) closed down a full 1.5% -- on news that their backlog has continued to increase and is now 45% bigger than it was this time last year; the value of contracts is also up 19% over the year-ago quarter. This is good, but apparently not as good as Wall Street wanted. They'll be reporting full quarterly results on August 25.
In total I'm down $125 today. One step forward, two steps back...
Posted by kindall at August 4, 2005 10:38 AM