RE:RE:RE:RE:RE:Fact that creditor took sharesstack wrote: westcoast, dont think any big moves in the near term are likely. Way too many daytraders here willing to sell on every 2 or 3 cent rise which has constantly prevented us from going anywhere for weeks now. That and the absolutely dire negative sentiment across the whole small cap sector thats really decimated most stocks this year and in particular the last 2 months. Oil and Gold are seeing some countertrend rallies but i'm not so sure they are sustainable and could just be a result of the USD pulling back against world currencies, giving commodities a breather.
I still own and like PHM but its going to take a couple of quarters at least for investors confidence to start to return. We've had constant positive news release after positive news release and its done nothing for the share price since April, so unless its some news out of left field that nobody is expecting (i.e. someone puts in a takeover bid for PHM itself) and not just the next acqusiition which we all know will get done anyway, then i dont see a lot of movement until into 2016. We are cheap down here though so the downside should be limited as well.
ha ha.... cheap eh? And this is the traders at work eh?.... ha ha.