Grebnet's Two Cents

[grebnet]

Hom

I should have bought HOM today... Dangit.

were you watching it at $9.60 ?

[Websman]

were you watching it at $9.60 ?

I was at work, but I had a feeling that it was going to bounce off of the 50 day MA... I should have followed my instincts and set a limit order to buy it in that price range.

[stenzrob]

I think that there is a bill about to be voted on to make online gaming illegal.

There is a bill being debated, etc. I looked into this a bit before taking a position in CRYPtologic, a company that provides software for online gaming. Most of the online gaming hosts are in Europe. Turns out that such a bill has been variously proposed, debated, etc. for at least 5 years, maybe more. IMHO, it will not pass, and if it does, people will find a way around it as Sisterwin said. I posted some relevant articles and my conclusion on the Yahoo CRYP board, the last of which was this one: http://finance.messages.yahoo.com/bb...1370&mid=14395

Of course, everyone on the Yahoo board is too busy calling out the minute by minute price changes and calling one another names to actually think about anything or discuss it.

[skiracer]

[QUOTE=Websman]I should have bought HOM today... Dangit.[/QUOT
Webs
This was a gift today at the 50 ma. I had a stop set yesterday at $10 after my entry and removed it before the bell this morning. I was reading an article on MSN Money early this morning about several large contracts they have just recently been awarded and decided that I was in for the longer term. They recently raised guidance way above what the analysts expect so I'm thinking that HOM goes to $20 over the next few months. Couldn't bring myself to add to it though as it fell this morning. No BALLS. You missed a decent opportunity this morning Webs. Thought you would have been in there for sure after your post yesterday afternoon. Usually when they drop big time like it has from $14 range there is a big overhead supply of shares which takes awhile to get bought up. I think they all got taken up today with that hugh volume. Over 7 million. That's 5 million over their daily average. A nice accumulation day today.

[B.J]

Yeah, I should have had an order set too. It did fall fairly short (> 0.10) of the 50 DMA though, so it probably wouldn't have taken, and just pissed me off all the more.

[grebnet]

Hom

well I didnt think they would get HOM below $10 today. Ive had an order all day at $10 and it just filled. They will probably drag it down to $9.60 again just to torture me.

[billyjoe]

Greb,
Thanks for the heads up. Just got more @9.92.

billyjoe

[Lyehopper]

well I didnt think they would get HOM below $10 today. Ive had an order all day at $10 and it just filled. They will probably drag it down to $9.60 again just to torture me.

Looks like it wants to retrace to me Fellas.... Be carefull....

Next bounce is the 50% line @ $9.28..... Plus there's a short target gap down @ $8.39 that wants to fill.... If it goes to the 61.8% line ($8.05) I look for a hard rally off the line....

[B.J]

I just took a nibble at 9.87. But, if it breaches the 50 DMA, I'll reduce.

Today's action on HOM certainly wasn't as constructive as yesterday's.

[Websman]

I'll be checking HOM out this weekend. I didn't think it would happen, but it looks like we may see another good buying opportunity.

[billyjoe]

Who would have figured they probably could have won the POTW today if they bought EGY. Correction , Gary would have still blown them away.

billyjoe

[billyjoe]

well I didnt think they would get HOM below $10 today. Ive had an order all day at $10 and it just filled. They will probably drag it down to $9.60 again just to torture me.

Grebs,
You put the whammy on HOM. Now at 9.55 in extended trading.

billyjoe

[grebnet]

Come on HOM

HOM indicating $10.15 after statement by company

[Lyehopper]

Looks like it wants to retrace to me Fellas.... Be carefull....

Next bounce is the 50% line @ $9.28..... Plus there's a short target gap down @ $8.39 that wants to fill.... If it goes to the 61.8% line ($8.05) I look for a hard rally off the line....

Well that was quick....jejeje

[grebnet]

Good thing I dont have Angina

HOM- now that was a fun ride....

Even if the report that sent it tumbling was false, it has certainly done damage to the stock. Im sitting on mostly free shares , so will continue to hold. I did try to sell during the freefall , but missed the bid and cancelled the order. Now will wait for recovery. (hope....theres that word again. )