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DMK,
I bought it Monday at $6.00. I didn't think the $5.50 price for the shares in the private placement would dilute the share price or effect the actual market price that much since it wasn't that far off the actual share price. I didn't think that the private placement price was that cheap for those shares. Whoever bought them at that price is looking for a much bigger gain in share price over the $6/6.50 it was selling at when they bought the private placement shares. When I bought it at $6 my reasoning was that it was only .50 off the private placement price. When it went to $5.60 range today I thought that it was an even better bargain being that it was now that much closer to the private placement price of $5.50. When it reversed at the end of the day and turned back up I jumped in at $5.65 and took another 2000 shares. So now I'm holding 4000 shares averaged at $5.825. It closed today at $5.75. Technically speaking it could drop lower to give a channel long signal around $5.50/5.60, which could happen tomorrow, but fundamentally it looks real good and that last earnings report was great. Someone is going to get a big piece of that rebuilding action along that whole gulf coast from Fla. to Texas even if there aren't anymore hurricanes this year. It's right up this outfits alley an this private placement is going to help finance their setting up to grab the biggest piece of the pie that they can. The government cannot let these people or the geographical area fall by the wayside so there is going to be alot of govt. money pumped into fixing things up. I'm feeling confident that HOM is going to benefit from that money in a big way. They also are not joined at the hip to the building sector or group. As far as the contest this week is concerned, I would like to see it do well for the sake of the game and the overall % , that's why I made the change in positions, but you know where my primary interests lie.
Ski,
I bought 2 weeks ago at 6.36 and am not worried yet. It keeps hitting the stops in the Cheap Stock Port but has always rebounded so far. This company seems to be much more stable than an AOB type. I also bought into cashmaker's CHB. It is a good combo with HOM. Maybe we'll have to wait a few months for a payoff and hope the executives don't do anything further to mess up the natural prrocess.
DMK,
I bought it Monday at $6.00. I didn't think the $5.50 price for the shares in the private placement would dilute the share price or effect the actual market price that much since it wasn't that far off the actual share price. I didn't think that the private placement price was that cheap for those shares. Whoever bought them at that price is looking for a much bigger gain in share price over the $6/6.50 it was selling at when they bought the private placement shares. When I bought it at $6 my reasoning was that it was only .50 off the private placement price. When it went to $5.60 range today I thought that it was an even better bargain being that it was now that much closer to the private placement price of $5.50. When it reversed at the end of the day and turned back up I jumped in at $5.65 and took another 2000 shares. So now I'm holding 4000 shares averaged at $5.825. It closed today at $5.75. Technically speaking it could drop lower to give a channel long signal around $5.50/5.60, which could happen tomorrow, but fundamentally it looks real good and that last earnings report was great. Someone is going to get a big piece of that rebuilding action along that whole gulf coast from Fla. to Texas even if there aren't anymore hurricanes this year. It's right up this outfits alley an this private placement is going to help finance their setting up to grab the biggest piece of the pie that they can. The government cannot let these people or the geographical area fall by the wayside so there is going to be alot of govt. money pumped into fixing things up. I'm feeling confident that HOM is going to benefit from that money in a big way. They also are not joined at the hip to the building sector or group. As far as the contest this week is concerned, I would like to see it do well for the sake of the game and the overall % , that's why I made the change in positions, but you know where my primary interests lie.
If that 5.50 low holds it should be ok but if it doesn't, look out.
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