RE:Trading PatternPHM has followed this trading pattern since q2 earnings 2017.
The stock pops up for a brief period of time following a news release and then slowly drifts way down to a valuation that doesn't make sense to anyone (queue the several posts per week about how the stock will be trading at a similar multiple to peers within only a couple of months, which, of course, never happens).
Once this process is completed, the stock moves back and forth in half cent increments until the next news release.
I would like to believe that the market is simply being extremely cautious, and that low volume is forcing the stock down. Additionally, the pure hatred that management seems to have with regard to providing any sort of interim updates can't help.
I hope I am wrong, but I expect PHM to follow this exact same pattern in 2018, finishing up in the high $0.20 range.