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Comstock Holding Companies, Inc. Message Board

  • deja4 deja4 Aug 1, 2013 3:32 PM Flag

    Lack of News

    Guess my post got deleted. Hope you are right, but this stock has had a difficult time holding $2.80. Very frustrating, I try not to look too often.

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    • If you have followed this stock for more than 3 months, you'll notice that the move from $1 to $3.50 was pretty sweet. Since then there was some profit taking to the 2.80 range. For the past 3 months the stock has gone from $2.50 to $3 about 4 times. If you played it right, you could have made an additional 20%, 4 times. Thats on top of the 250% run up you could have had. I have been buying more in the $2.50's and expect this stock to hit $4-5 when earnings are released in the next week or so. The housing market it booming, especially in the DC area where Comstock does the majority of their business. I have several family members and friends who are realtors tell me that there is a shortage of houses. Since interest rates have been increasing in the past 2 months, buying has picked up tremendously. Everyone who was on the fence about buying is doing so now before interest rates increase even more. I am willing to bet that the earnings will show this. When the market sees this, this stock will fly. It also helps that CHCI was added to the Russel Microcap index last month giving it more exposure to investors. Any day now.......

 
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