Not on Tuesday, hit it today on Thursday, guess they both start with T. However, the market is down 80 points and yet PHM is up 10 cents.
All this week, the total market has been trending down and the move down in PHM is more total market related than stock specific. But considering the way PHM is holding up in the face of this market, I would say it is performing well and would be worth holding.
I totally agree. I hold 3 positions and trade 1 position just to keep me active. I think we will see a huge jump in returns in the near future and the law of large numbers will restrict the gains 3 years out. In any case, the home builders is the place to be with this recovery because of the reduction in competition.
When buying this stock you have to ask, will housing be stronger in 10 years from now? If you think the answer is yes, which it probably is, you should buy this stock and let it ride for the next decade. Sure you can make a few percentage points on earnings, but the long term trend, and i mean more than a month is up. If this stock can return 15% a year for the next decade (something it can do but very difficult to do) it will be a great hold. Don't trade it. just own it.