3SOF

Quote from: David Randolph on September 28, 2005, 07:27:22 AM
Great posts here on HOM's thread. Well, I've sold out 1 hour before the close at $4.35 (still made a 46% profit), when it was perfectly clear the stock would close below TL2.

It looks like in this case it would have been better to stop intraday when the stock broke TL2 on the downside. Or looking to sell near the highs. I figure that since I make these updates everyday I can make an effort of trying to be more accurate at selling, since I also didn't like to let an 80% profit turn into just 46% in two days  Anyway, of course this was better than losing 

The comparison with VPHM doesn't make any technical sense now. You see, VPHM took off from $1.67 with a trendline supporting price. That trendline had a $0.12 advance per day slope. VPHM is at $20 now and NEVER closed below that trendline.

That was not the case with HOM, it couldn't hold such an inclined trendline.

I see no fundamental reason for yesterday's decline, but I believe the market always knows better. I will be looking to buy back the stock at TL1, which for today will come at $3.01, rising just $0.03 per trading day.

Good luck to those who continue to hold 

David, perhaps the downfall was enhanced by a downtrend in the housing market.

well HOM broke through my original 4.20 resistance level and on heavy volume, I get the feeling this has got away from me already, it is something I did not expect, I'm still out and will wait for the dust to settle in the markets and in HOM before I consider buying again......god could that be the wrong thing :-)


PS I still hold DROOY cos I think gold will be at 500 before christmas, I watched live trades for the last 3 days and observed some massive buying going on,,,,,,,,,,in the millions on single trades......someone knows something that few are privy too, there is trickerygoing on with gold and I think it will surge towards 500 before christamas

hi,
i think it is over sold and will come back pretty soon, look for a good day tomorrow.
here is the chart with the hammer today. if not tomorrow i don't think it will be held down for long.

Agree. Hammer shape is clear. I think what happened was someone took at look at HOM above $5 and decided to short. It's also the end of the month so they want to keep it down as low as possible to maximize the profits for this quarter, and they should cover tomorrow/Friday. It's a bit dangerous to short HOM as news/contract can come out anytime.

I had to sell AOB today to protect a large profit. I think the story was the same as HOM. However, since there is typically little news for AOB before next earning release (mid November), I think the shorts maybe able to keep it down longer & lower (than HOM).

I would suggest for HOM a soon rebound if my 2 supports lines confirms to be strong enough:
1) Old resistance line changed to support line at 4.14
2) Exponentiel support line:  EMA(20)-->4.16

Any others opinions?

http://biz.yahoo.com/prnews/050929/dath012.html?.v=29

A large rebound in pre-market

hi,
check out hom in the pre market,!
maxi

I know, sold out yesterday near the low and its killing me

Gotta hate whoever shook the tree...

i gor stopped out at 4.65 when it fell a couple days ago.

Got back in at 3.85.And now the stock is heading higher again:especially with this news:



Home Solutions Expands Disaster Remediation Infrastructure Through Acquisition of Assets from Florida Environmental Remediation Services
Thursday September 29, 9:10 am ET 
Company Raises 2005 Full-Year EPS Guidance to $0.23 to $0.25 From Previous Range of $0.18 to $0.20

double earning - since 3/4 of the year is gone, all the earning increase comes to Q4.

quadruple workforce - 180 people now, acquired 450 people

Quite a battle there in the first 30 min.  I would like to ride that one, but I have no confidence in HOM's direction.

I really like this pick by David and did not sell following David's steps.  I know nothing about technical, that is why David's insight is very helpful to me.

HOM is the kind of stock Warren Buffet would love.  Simple business, I understand.  Making great money, I like.  Great management, very important to me.  Good acquisation, low multiples, accretive to rev. and earnings immediately.

The news they issued today is just factastic: for the first half they ahd rev. of 25.4M and earning of 0.08/share.  The guidance they issued today for the full year would be rev. 75M and earning of 0.25/share.  This means for the 2nd half, they will be doing ~50M rev. and 0.17/share.  Wow!  What will be for next year?  Rev. at 100M and earning of 0.35/share should be the least.

All in all, this is a fundamentally very solid company, I plan to hold long term.  The fundamental of the company is why I did not sell yesterday or the day before.

Jump in before you will regret it in the next few day, SmartWrasse.
I thing who ever left the boat, is dying to jump back again seeing is previous momentum!
Good luck to all!

Back in at 4.61$!

Go go go go HOM!!! 

Nice to see you in Se7en,

dont forget to establish a exit rule!
The way Dave  does it  for the 3SOF portfolio!
Now than HOM is out of his portfolio, you will have to follow it yourself with your own rule!
Good luck!