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Lennar Corp. Message Board

  • vanceee vanceee Oct 3, 2005 9:49 AM Flag

    Added to S&P but so what

    This only means funds tracking the S&P will at some time in the future have to buy it.
    That does not make up for housing bubble or other reasons this stock is going down.
    They aren't required to buy it today right?

    Also if this news does'nt push and hold the stock up by lets say tomorrows close, I would think it's going down quite a bit from here.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What folks are forgetting is that if the market should go into freefall, those funds also have to sell the S&P to protect their investors. They are only obligated to hold a certain percentage of equities over a given period of time. In a market decline, they have stop-losses like everyone else. This makes LEN more vulnerable to the overall market

      • 1 Reply to davenport47
      • I disagree with you. If the market goes down (and thats a HUGE if)The funds that will buy LEN now because they own index would have to sell their index positions. So everyone will be hurt. But as you see from the manufacturing numbers today, economy is great despite the clouds in the south.
        CNBC reported that all the purchases will be made only after Mon Oct 3 market close. So we havent seen the run yet i guess. Tonights After Hours should be interesting.

 
LEN
38.18-0.55(-1.42%)Apr 17 4:03 PMEDT

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