Correct strategy all summer and beyond - buy on pullbacksThe recent dip most likely due to anticipation by the market that PHM management can't keep their promise that a clearer picture on the split for another couple of weeks as mentioned in their last update. Capital is deployed to more promising sectors like pot stocks and CRH (on a V shape rebound from a 2 year low) for a short term trade.
Like CRH, PHM will roar back from this latest low. All it takes is a bit a good news. CRH jumped more than 47% in less than a week from its low just because of a very small acquisition. And CRH still has the uncertainty of the CMS repayment issue hanging above it. PHM is undervalued much more than CRH. You go figure.
On TA the narrowing of the Bollinger Band for a period of time is a sign of trend reversal coming. I can't ignore the less than $0.3 asking price so I add a bit more today.