Stock Chart

HOV - Looks like it has further to drop

07/06/2010 11:28 AM by Dave Pinsen

Would have been better to bet against this a couple of months ago, but I picked up a few puts on HOV on the little bounce today, the $5 strike Jan 11s @ $1.75. The macro headwinds here are obvious, in addition to which the financials and technicals are weak.

Rating:
3

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  • 07/13/2010 05:25 PM by Dave Pinsen

    A big day for HOV today. I have no idea why. I am tempted to double down on this if it keeps rising on no news.

    Rating:
    4
  • 07/19/2010 05:13 PM by Dave Pinsen

    Some reality sinking in today, with the National Association of Home Builders reporting that its housing market index fell to its lowest level since March 2009: http://finance.yahoo.c...

    Rating:
    4
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