Why does this stock swing 4-5% in one direction or another on a daily basis?? I could understand if there was news.... but there is NONE. Volume is DRY AS A BONE .... yet the stock is getting hammered today. All while the Brazil REIT index is only down (0.54%) .... and Cyrela Realty is down (0.29%). Who or What is behind these VIOLENT moves (both up and down) on a daily basis?? The only news out today is a local brokerage firm added Gafisa to it's Recommended Buy List. It's 1 of 11 of their Best ideas for purchase. Yet the stock gets hammered..... this is crazy
Ahh...the joys of home-building stocks. Take a look at a daily chart of KB Home (KBH). Gafisa is a piece of cake in comparision. If you can get your zigs and zags lined up, you can do quite well with the builders.