RE: Why the drop?The US Fed is suggesting that interest rates may need to rise near term which is never good for the housing sector. As others have suggested HCG has had a great run and the valuation had reached the level where the stock needs to take a break. The balance between buyers and sellers tips and causes the stock to change directions. The daily chart showed the uptrend was broken the last 2=3 days so the stock dropped & will likely fall further in the days or weeks ahead IMO. However this is a great company which should continue to grow.
I bought at $20 & $20.35 and sold at $32.26 on Dec 16. I will look to get back in lower, perhaps $26-27 might make sense. Cheers!!!