I believe that that news was put out to prevent saturation. This stock is overdue for a run. Just my gut feeling.
Okay, I don't care what you do, let's just get that out of the way. I am not pumping this stock. I post what I think, maybe just for self gratifying reasons of being correct about something. So short or be long...i don't care.
Recent moves in this stock suggest that is poised to move past $8 and near $9. Yesterday was interesting, in that it didn't go below a point I had mapped out as intense buying pressure. It was a shakeout of weak hands, or at least a major attempt. Large investors surely bought what the market makers had in inventory. Now the market makers will need to profit off those, so I wouldn't be surprised to see it edging toward $10 near earnings. AKS earnings should be good.
steelsmeel, this stock has pressure to attain a stock price of $11. The moves of late are classic of insider information being contained. If you made money selling at $7, then kudos to you. But patience is a virtue IMHO, when info leaks, you will have wish you waited.
Where did you read that? CZR is NOT entirely owned by insiders. $19 is very attractive. You don't scare me into seeing opportunity.
Usually takes 3-6 months after some major event for a stock to respond. That's how much time has elapsed since the ruling in favor of AK Steel regarding the Ultralume patent fight with ArcellorMittal. I expect this stock to jump to $10 in the second quarter, and then quietly melt up in the teens before they start talking about Ultralume. It's usually then when the selling should begin. Now is a buying opportunity.
What people like you fail to realize is that people HAVE BEEN BUYING real estate ever since the bottom, irregardless of interest rates. You and those on Wall Street want the masses to believe that real estate has been dead for 6 straight years and NOBODY puts money into it. Excuses about young people being losers is popular right wing BS. The concept of "waiting" for housing to bottom, or interest rates to bottom, or anything else to bottom, is just Wall Street's way of keeping idiots like you out of the game.
So stay on the sidelines fool, and let the adults make all the money.
ooh, that must hurt, but you still made a profit. I bought 4000 shares when CZR was at $5 and forgot I even owned it. Not until did it cross $12 did I remember I owned it! Anyway, I sold that spec into the rally that ensued, so sold many of the shares too early. It still bothers me that I sold so many shares in the teens but nothing I can do now about that. Anyway a profit is a profit, and that's what keeps me going.
Just go look at the chart.
It's annoying and tiresome if you ask me, but if you want to make money, you have to respect the trend this stock follows year after year after year.
Actually, the way the game is played is that they will frustrate you and make you think this is going to $7. Of course, it won't. And they will sell between $6.50-$7.00 and manipulate it back down under $6. And when it gets to around $5.50 or lower, the accumulation game will begin again. THAT is how AKS trades.
Whether you are short or long this stock, you have to admit, this is embarrassing for Ara Hovnanian and the Hovnanian family. No other major housing stock has failed to impress investors. Other housing stocks are not exploding ahead, or are they necessarily "wowing" their investors routinely, but they are keeping shorts at bay. Anyone long this stock should be asking questions...serious questions. It has been said that the housing rebounded more than 2 years ago, but this stock is certainly showing the incompetence of Hovnanian and his crew.
I understand the argument that this stock was $2, but I also want to point out that this stock was much higher. Let us focus on the fact that HOV is trading near a mere 5 bucks. This is not a company that deserves credit for where it is, in light of what has been happening in the world of real estate. Excuses abound, but the general investing public has passed off Hovnanian as a joke. And speaking to that, I'd say the Hovnanian family has quite a bit to prove to the world if they want to escape further humiliation.
The only reason it is here is because there was huge new buying around $5.65-$5.75, and they are manipulating the price down here because they are hoping to get those buyers to short. But it's not happening, and I don't see this going to $5 unless the traders are looking to lose their shirts. Look for $7-8 in the coming weeks/months.
Whether you are buying it or holding it, are you frustrated enough??
Everyday, you must have noticed other stocks that are kicking butt and taking names, but this pos has been hugging $6 for...like...forever! You ever consider that it is time to just dump this garbage and make your money work somewhere else?
Don't take my word for it! Just look at other housing stocks that have gone down and then back up. HOV has been at $6 and has no idea how to go up. Just dead money if you ask me
Today was a good day. If you made money, please consider going to J.C. Penney and buying something for you and your loved ones. Short sellers can do nothing but badmouth. But you can help JCP rise higher if you open your wallets and give J.C. Penney your business.
Sound fair and reasonable to you? As an investor who made a lot of money, I feel it's the right thing to do to celebrate! Let's work together to make J.C. Penney's next quarterly results even better!
Congratulations on today, good luck for later, and thank you for reading!