What do I know about the Market?People asking why the jumpo today.... but look at the last two days.... wasn't that a clear signal???
Now what we don't know is when the momentum retracts... I se three days of accelerating SP rise and volume as very very bullish, but it wil retract.... the question is, will it hit .26 or .30 first?
Look at the wider markets... a string of new highs through last week had to break lower eventally even if on no news. One possibility is thyat peoplke takign profits in all their blue chips figured it was time to stock up on the deliberately depressed pennystocks. Since PHM has gone way up as the wider market has retreated.
PHM's trading history shows several sudden surges from the ridiculous lows over the last 9 months, as did Convalo in November. Other very volatile pennystocks often see similar sharp and sudden moves (EFL a classic example).. By which i mean to say the short-term moves are NOT rational or predictable, even if the long-term ones are inevitable.
Many of my positions showed disappointing numbers the last Q, so overall downward is to be expected, but ong term (IMO) these have a huge upside potential. So I just hold instead of flipping on the hope for a lower buy-back.
Longs in PHM have been expecting this SP as inevitable for months now... but I am not prodictiong we will hold it. .15 or .25 or .35 almost equally possible in the next 2 months, but .30+ inevitable in 6-9 months. My bet is the completed split will become a catalyst for rapid SP gains. Both companies will have awesome financials compared to their SP peers.
This is just the smoke, ladys and gentlemen... wait till you see the fire.
BTW I am not glibly calling for $2 now or anytime soon. May get there,. but I will have probably sold most of my position before then. Value shoppers have to also be fair-price sellers.