HSOA

[tugsinav]

Chart does not look good to me. As divergence is heading downward, but I could be wrong.
Anyway, it can change on Monday as I heard that it might be on IBD list again.

GLTA,
-Tug

[newbie3sofer]

Wow! I missed this HOM pick. I could have made 400% if I knew about this board before.

This sounds like a great place to learn about great picks.


Any other HOMs out there?

[joet]

Anyone out there?  Earnings next week, we just dipped to the 50dma but held with some support for 2 days..  thoughts on this earnings "play"  I have seem some sell hard into earnings...   yet HOM seems to have great fundys and to be earning money.. thoughts? cheers joe

[kpunarc]

It seems to be testing the 50 DMA but holding steady. The fundamentals are really good and the Investor Business Daily consistently puts this stock on the top ten under $10. I'm unsure LT, however, for swinging - I think it's going up for at lease a few days from here.

[joet]

kpunarc   Thanx for your time and the quality chart.  What are the horizontal bars that you state are a nice Base?  I too nticed the inverted hamers that you point out Hmmm, hope the return is similar this week.  I will be watching this monday AM.  Any early indicators that you look for? Volume, pre market?  I like this company and hope that they continue a staedy gowth. Cheers joe

[kpunarc]

The indicators on the side is volume by (relative/according to) price. In this case, it's showing that there's a significant amount of volume at that range of price which means there's a lot of support or more people willing to trade at that range of price. I.E. supply and demand.

What to look for on monday? Well I would check the foreign markets to see how they're doing. It could help predict how the U.S. market will do. If the market decides to go bull it would be a great chance to go in. This is because if you look on the chart, the prices pick up as volume increases. Volume calms as prices start to depreciate. Then volume picks up again repeating the process. If the market becomes bull, it may help encourage the volume to pick up here and push the prices up. Either way, I would look at the volume and see how it's doing starting around 9:30 eastern. I would set a buy point at $5.10. That buy point for me would be a confirmation that the trend is changing decreasing the possibility of a loss.

I too am still learning and making it because there's a lot of support here. Persevere and you'll make it. In LIVELIFE's words...'pass it forward'.

[LiveLife]

Hi Joet! 

Since you asked for HOM analysis on SANM board, I'll post here also.  Boy, this is a really interesting chart... well, here's my stab at it.

First some history.  I made some nice gains on HOM earlier this year.    When hurricane Katrina hit, hurricane plays like ZENX.OB (yes, $60 million US ACE temporary roofing contract!) and HOM, which does building restoration after the initial disaster recovery then restoration and reconstruction) all took off.  Yes, HOM is one of 20-40 stocks I monitor.  Recently, Avian bird flu plays like NVAX, HEB, SVA, BCRX, GNBT took off on "speculation" and I kinda lost sight of HOM.

Ok, let's look at the chart below and go over some "concrete" basics first.  If the stock is actively gaining with rising volume and MACD in the positive territory with RSI below 70, then it is a definite short-term "BUY."  And if all three of these criterias are the opposite with RSI above 70, then it is a definite short-term "SELL."

Well, let's go over the "less concrete" issues next.  If you look at RSI for August and September, it is way above 70-80+ which indicated that the stock is "overbought" and selling should follow (purple oval), but instead of a selloff, stock price kept gaining!!! (purple box).  I believe this was due to the hurricane response buy demand on the stock which drove the price up, despite the high RSI.

Next, recent volume "appears" to be increasing, but I believe that is probably "profit taking" sell volume.  If you look at 10 MA, it "peaked" and flattened and begining to go down.  If 10 MA approaches 50 MA, this is also a short-term "SELL" signal.

RSI is below 50, indicating that stock is not "overbought" - typically high RSI (70-80+) is a leading indicator of "sell" activity; however, MACD is in the negative territory.

So what does this all mean and what should we do on Monday?

I also posted the Technical Analysis "composite indicators" from BarChart.com.
http://www.3stocksonfire.org/trading/index.php?topic=2173.msg30941#msg30941

It looks like, short-term, HOM will fall in price.  Approaching the 52 week high for any stock makes traders "nervous" and there is a selloff as the stock rises towards the 52 week high.  If you look at the 1 year Yahoo chart, that's what it appears to be.  Once HOM rebounds after this "nervous" selloff, if you once again see the price rise with increasing volume, MACD in positive territory and 10 MA breaking away from 50 MA, then you may see that 52 week high being challenged.

I also attached the MSN stock rating webpage that covers pro/con and risk/return.
http://moneycentral.msn.com/investor/srs/srsmain.asp?Symbol=hom

For Monday, I would be very cautious and carefully watch HOM at market open.

Take care, I hope this helped.

[dwest718]

That is a very helpful post with tons of information... If I could applaud you I most definitely would.  I've been looking at this thing a little bit but with all that information I have a pretty good base and might look more solidly into this thing.  I think even if it doesn't bounce the chart still looks pretty good.  Its got a good support level just below so I guess we'll just have to see.  Thanks LiveLife!

[joet]

kpunarc and livelife
thank you both for the great information! HOM Earnings is on the 14th, i will be curious to see if HOM sells off going into it?  I have watched several positions that had strong earnings potential sell off the week before... i guess folks figure that the pps spike is already build into the price so they sell off?  Thoughts on "earnings Plays"  (ie NVAX would seem to me not to have an earnings play since revenues are new and already announced, so coulddrop after earnings???) Cheers joe

[brandyjoco]

Curious about this one as I am still holding 1000 shares. What has today's action done to the chart for HOM?

[snowcat]

If it stays above $5.40, then it is back in the up trend - and it  is a hold or buy.

What caused the jump today?

[tugsinav]

This cause the jump today IMO.
http://biz.yahoo.com/special/low1107_05.html

[[D] Investor]

Last Friday, HOM made a strong intraday recovery as it touched the 6-month chart 50 DMA around $4.67 -- indicating it's continuing uptrend. Monday's actions affirmed this and the key milestone was the fact that HOM did not fall through the 50 DMA. So HOM is still bullish for some swing play. I purchased some positions at $4.73 right after it touched the 50 DMA.

However, there are still some risks with HOM. Watch for heads and shoulders formation as the shoulder might be currently forming. If that is the case, more retracement is looming. This week will be critical in determining HOM' next trend. Monitor it closely.

My [2] cents.

[joet]

Candles???  Another inverted hammer at the end of trading today, last 3 on down days were up the next... but could we also be gloing back to 4.92 to fill the early gap this week?  Thoughts as we are running into earnings on the 14th that has seen 2 raised guidence....
I am hold a bunch for me, thinking about adding if below 5.10, but some fear of big sell off... over the year has been in sinc with AOB for what-ever reason... sure hope that continues... cheers joe

[nullzero]

hom is moving today earnings out on monday.