Monday, July 9, 2018

Hovanian bottom?

Who doesnt like penny stocks? Its the only time you get to see stocks rise 1000% Hovanian has been a dog of a homebuilder for years and today there was an article in WSJ on one of their questionable financing deals and how it was resolved "amicably" by all parties. Sometimes articles like this signal a bottom. Noticed some larger volume lately and no news about the company so if homebuilders rally this should also participate.

No comments: