No way of knowing. This is IMO a highly day traded and manipulated stock that has little bearing on micro or macro issues right now. Conceivably you could say there's absolutely no reason for a close to 5% drop today..but there was. Did these traders get together to dump shares? Doubtful? Did investors suddenly say "HOV is no good"? Doubtful.
This is a stock not for the faint of heart. It can gain and lose 5% on a regular daily basis. It can gain and lose 20% over the course of several days of trading. That's reality. Big gains, big drops. You either have the stomach for it or not. I'm somewhere in the middle.
Continued improvement in their balance sheet and continued improvement in the housing recovery is what will eventually win out. We will see what happens.
Those calling for a stock spike based on the Sandy Relief Bill are frankly on another planet.
No I dont see how sandy relief will help either but ceo did say last cc that a bunch of homes did not get to close because of storm. Those homes will be closed in the current quarter. Im looking for strong earnings and the start of a new run up before spring.