RE:RE:RE:RE:Scaled back my position prior to earningswestcoastlogger wrote: I had a chuckle as I was clicking in another buy for me for the last four trading days. I've picked up another nearly 180K shares and when I saw ERTguys post when I got home last night after killing trees all day in 35 degree heat out here on the left coast I smiled inwardly and said, "thanks ERTguy, thanks," as I lapped up his shares he dumped for an embarrasing amount. You know I have heard every possible, imaginative, inventive, conspiracy induced theory as to why PHM is going down the tubes, can't possibly have had a positive Q, can't possibly have a growing cash balance, can't possibly be growing 30%year over year, can't possibly be benefitting from getting recievables and costs under control, can't possibly be benefitting from a huge and burgeoning deadweight on US healthcare, and so on. Just stop it you guys. Your making yourselves look like idiots.
Enjoy my shares. most of them are sold at 100%+ gains and the rest are from the short term break out from 43 cents. If the news signals' signals significant positive fundamentals that will entice future investment I will buy back in, If not I will buy the sell off. This is simply a game of protecting my gains as buying in anticipation of earnings is rolling the dice. Theres's still a significant wall to get through in the 50 cent area which will not happen tomorrow unless there is a very significant catalyst. Most of my success comes from buying into imminent resistence breakouts so a sit and wait approach here works just fine for me. Cheers