Is it time for the shareholders of CWD to finally realise the state of the uK housing market/ As a potenmtial (house) buyer I have seen massive discounts, particularly further down south, and the northern areas that may still be keeing the prices up will eventually follow. Property is slow to move and this is not getting any better so can only have a detrimental effect on the the profits of estate agents, who are on a small profit margin as it is. Not to say the financial gearing after all the boom time buys.

Only one way and that is IMHO downwards

Hovering around the 330 support line, with a view of the business outlook and the fact they had to raise money via a placing suggests they are in trouble and it may fall lower. Next support is 273 (which looking at the near term outlook for the housing market where they still cannot close deals seems too high - no good asking for loads of lolly if no-one will pay it) There has been a long drop now and a reaction at 330 could be possible but in the long term still further to fall, imho. If there are any holders wishing for a silver lined cloud I would sell out. I have been through 2 property booms in 20 years and would opt to sell up and wait for an improvement in the house sale / property market.

Short 335. Target 320. Stop 340. R/R 3:1 Looks like its rolling over. DYOR

shorted at just over 370, closed around the 329. Managed to get losses back and well in profit. Short again looking for a further drop, aim at 270 ish medium term but with all these supports around I am keeping a close watch on Stops

Closed the short this morning after the drop, couldn't resist taking the money. Look for a short term rise but still believe a long term fall as house values plummet and transactions will be minimal. I have a relation who has just been given a mortgage at 5.5 times income - can only spell disaster. Negative equity here we come.

Stop tested but still short. If the rolling over helps make a completed h&s pattern since Dec 04 then I see the downside target nearer 240p

Woof woof :-)

Still in here, waiting for another plummet in the sp. IC posted a lovely article to sell, the stock has already dropped about 1 but a lot further to go. Now the Blair entourage are still in we will not have long to wait for interest rate rises and / or tax rises. Despite Halifax putting out a statement saying how positive the housing market is and that prices have steadied out ??? well they would say that wouldn't they, repeating the same drivvle since last summer.

They're due a short term bounce if I read the chart correctly. Then again all support has been broken and with the price trickling down the support line of the trend channel it could even break down sharper.

On the other hand I don't trust the Yanks to know what they are getting into, (Southeastern Asset Management). There's always some daft fund manager investing at the wrong time and sending ridiculous signals into the market. I don't doubt that under the circumstances they have been able to pick up substantial blocks of shares at a discount.

I am neither increasing or decreasing position until the next move becomes clear. Moved stop down to 280