Drop is too steep now. A 25% bump doesn't even bring you back to 7. Wall street corruption at it's finest. Simply not an investors market. Up 20%, down 20%. Unless you catch the trades you'll never make money.
I disagree – I see this as a long-term call on the housing market. If you're bullish that housing is improving, then HOV is an inexpensive long-term play; if you're bearing on housing, then yeah – it's just a trading stock.
I'm long-term bullish on housing and long HOV Jan '14 calls and buying on dips.
Not if they are going to knock it down 30% in a few days on no discernable news. Seems traders hold this stock as a mechanism to make money. The "buy the dips" stuff gets old. At some point you want to make money and not be a hampster on a treadmill, peddaling but getting nowhere and just keep buying lower.
Cracking it again on nothing....That's not investing, that's trading.