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Hovnanian Enterprises Inc. Message Board

  • valueseeker890 valueseeker890 Jan 15, 2004 2:18 AM Flag

    Follow Chartists at your own Risk

    I remember when in May 2002 HOV broke below 30 to 29 and the chief chartist at Realmoney.com applied his trendline and saw that it was broken. HOV had just doubled from 13.
    He recommended SELL.
    That day, on all that panicky selling (helped also by Doug Kass), the stock plunged to 25, in one day. That is what these stupid, ignorant sellers got.
    You know what? That turned out to be the low. HOV NEVER went below that, ever, not even in the bear market low of August 2002.
    Chartist are chartist because they are too dumb or lazy to do fundamental analysis.
    Anybody can put a line on a chart, that takes no effort.
    But it has nothing to do with making money.

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    • A chart helps you establish an Inteligent decission on where a stock is heading.


      If you went blindly and both any of the hb's on that movement from 80 to 97 (hov), well good luck, cause now you have a great write off in taxes, smuck.


      You never buy a stock that runs wild. and you speak of fundamentals. Hah.

      Hov and the rest came from the grave of 6 to 13 a share the entire 1990's. until the last three years to great high's and collasped.

      Answer me this smart guy, I suppose they weren't building at all from that time. Probably lost money? Right.

      You guys have no idea what you are talking about.

      Another example, Early 1880's hov went from 6 to 33. they the boom was gone, hence 6 - 8 for the nineties.

      Hate to burst your ego, but the records are over and so are your gains.

      Every day the hb's are makong their slow decline
      back to normal historical numbers.

      Forget about shorts or hedge funds, this is just pure economics 101 and the way wall street values stocks.

      I nor anyone else on this board can make this stock go down. But we see the trend going back to 10. Plain and simple. Nobody cares what you say about fundamental or value.

      ADM is a value, so go buy some stock in sugar and other agriculture comodity.

      You lost 25 points already, That hurts.

      Especially since I didn't own hov from 10 in the begining. If you did then that's a real shame to see that go away. Just like an alcholic, I'll stop tommorow, Give me another day.

      Well, I and anybody else who shorted this stock will enjoy the wealth effect from 78 to 10 in my pocket. Enjoy the ride. Wise up

      • 1 Reply to yurimann2000
      • Just one final analysis before I put you on ignore.

        "A chart helps you establish an Inteligent decission on where a stock is heading."

        The only thing a chart shows is what has happened. A chart does not show where a stock is heading.

        "You never buy a stock that runs wild. and you speak of fundamentals. Hah."

        Earnings, revenues, price earnings ratios etc. are the ONLY reason to buy any stock!!

        "Answer me this smart guy, I suppose they weren't building at all from that time. Probably lost money? Right."

        HOV has and will continue to make mucho money since it started business

        "Another example, Early 1880's hov went from 6 to 33. they the boom was gone, hence 6 - 8 for the nineties. "

        This one is the best. HOV wasn't even around in 1880 PUTZ!!

        "I nor anyone else on this board can make this stock go down. But we see the trend going back to 10. Plain and simple. Nobody cares what you say about fundamental or value."

        That first sentence is the only truth you have spoken. If fundamentals won't drive stocks, tell me what will? You can't because you know earnings, etc do and you are dead wrong!

        "Just like an alcholic, I'll stop tommorow, Give me another day."

        Another example of your great spelling ability. Listen, people with brains know what drives stock prices and HOV has what it takes. You will not convince any longs on this board to sell. You do not use any legitimate reasoning to persuade anyone to sell. For your sake, go long! You can't beat the performance. HOV is bottoming out and will turn around with a vengeance. Go long, you will thank me.

 
HOV
1.56-0.010(-0.64%)4:00 PMEDT