IF you look at last years chart we are a repeating history. Look at your charts, look at the Bollinger band. IT is only my humble opinion but if you not beginning to buy at these levels you are sure to miss the boat. The bottom IS forming!!
Didn't you say the same thing around 5.50? Easy trade, never fails or something like that? Guess it does not matter, the point is no one knows where the bottom is. This is defiantly a different pattern for HOV. As long as I have been here I have never seen this big of a sell off. 6.80 straight down to 4.70s?
Well I never offer up numbers but I did say easy trade and it appears I was accurate. I have consistently said we are mirroring last year and today proved that. Last year we had the very same sell off beginning around March 18th. Check the chart and look at the Bollinger band. Today we see buying coming in at almost the exact point is did last year. Easy trade - I play the bands and thus far it has proven right on for me. Just my humble opinion and what works for me.
Agreed. This is definitely a most unusual selloff and makes very little sense. Granted, in the market things can go to extremes, but this is way, way overdone.
I thought yesterday that $4.85 was where the stock was basing. It did, however, drop lower today. My gut feeling tells me it can't go much lower and that we should be turning around very soon, possibly tomorrow. If you are looking out 6 months, HOV is a tremendous gift at these prices.