Another strong market day too. Wait for some market drops.
Dead in the water. 7 straight days without green.
Looks like another 2% plus today. The bleeding has to stop. I'd be less concerned if the Dow wasn't jumping higher with every downturn in HOV, but any downticks in the Dow will mitigate anything HOV can find in the green. Not looking good right now. I'll see how it finishes but it's looking more and more like a low of the day at 4pm,
The other thing that concerns me about being too heavily invested is that any bumps in price are going to be ripe for share offerings. THAT hanging over any stock is a concern and HOV management putting that in play (but not executed) is troublesome. I'd rather see them raise cash other ways rather than sticking it to shareholders with a Monday morning firesale that blindsides us in the middle of a run.
Likely cheaper tomorrow. I don't like buying a red stock on good market days. The seesaw action indicates red Dow tomorrow which will likely make this cheaper. Even with pennies, a falling knife gets expensive if you keep adding day in day out on drops. 10% in 6 days isn't anything to disregard.
The problem is that good housing news has picked since the beginning of the year. If there's a time to run, no time like right now. Still hovering near penny stock levels at this point in the recovery? It's getting late. The market is always 6 months out and sometimes more. This stock should be higher.
Coupled with soaring general markets and this once again tells me the stock may be going nowhere but down. It's a travesty that we are waiting for a pickup in housing (which we got) and all indicators point to a nice spring selling boom but we are working in reverse on the stock. Either gross manipulation or we are missing something completely. Really, no green in 6 days with up markets??
Tell ya what bigcab. Post the trades. Clean slate starting today. I'd love to see you make money trading this but I'm skeptical. Maybe just post a quick "bought @5.85 11am"....and just make sure you make the post as close as possible to your execution of that trade. Then we can follow how to make money on the "in and out"
As I've told several on this board, if it's that easy then post your trades as they occur and we can then see how easy it is to trade it. When I asked dgreg to post his trades as he as makes them, he did it 3 times and on those 3 trades he got burned and lost 10% in 48 hours. From there he won't post his trades anymore...now all we get is the same "buy the dips sell the rips" from him. Making a killing.
Anytime I've asked someone to post their trades (within minutes of making that trade)...they always get burned. On the other hand when they don't post the trade as it occurs thy somehow are making a killing. Go figure.
Even as the Dow finds record highs. Not a good omen. Frustrated as h*ll with this stock. I won't watch it go below 5.25. On to greener pastures. Life's too short for this aggravation. Housing is rebounding strong. So should the stock. 87 cents from penny stock status isn't my idea of up and coming. Better get a move.
Stock needed some gains with the strong Dow. The problem becomes tomorrow if the Dow has some giveback...look for it to take HOV lower. Most important part of investing, taking advantage of any winds at your back. HOV not only took the day off, they regressed. Poor, poor performance.
Just tiring of the nonsense movement. It's time to move. Now or never. April here, spring, new home buying. Stock has everything going for it which likely means it's a sell.
Perfect day for some buying into the report. Zilcho.
just growing weary of this nonsense. Either it has legs or not and it seems each and every pop is seemingly always met with selling. Not looking for another LOD but seemingly it keeps looking like that.