Thursday, March 04, 2021 1:15:17 PM
I agree with you it is a week argument.
I think Horton management is starting to feel some heat. Their biggest holding is tanking. If their investors start leaving then Horton will be forced to raise money somehow. This could precipitate a perfect downward spiral.
Stock down 72% from 52 week high.
Company losing money.
Company is cash flow negative.
No new products after spending well over a million in R&D.
The stock is now at the same price it was at 10/19.
Lets not forget the stock is less then half the $8 price of the secondary offering. I bet those investors are thrilled.
Finally, lets not forget Mr. Cruz, the lawyer and his investigation.
Finally, the market is in a huge bubble fueled by cheap money and huge government spending. This bubble where small floats are doubling in weeks is worse then the dot com bubble. Wait and see.
At a certain point the stock will be over sold. But a lot of people get cut trying to catch a falling knife.
I think Horton management is starting to feel some heat. Their biggest holding is tanking. If their investors start leaving then Horton will be forced to raise money somehow. This could precipitate a perfect downward spiral.
Stock down 72% from 52 week high.
Company losing money.
Company is cash flow negative.
No new products after spending well over a million in R&D.
The stock is now at the same price it was at 10/19.
Lets not forget the stock is less then half the $8 price of the secondary offering. I bet those investors are thrilled.
Finally, lets not forget Mr. Cruz, the lawyer and his investigation.
Finally, the market is in a huge bubble fueled by cheap money and huge government spending. This bubble where small floats are doubling in weeks is worse then the dot com bubble. Wait and see.
At a certain point the stock will be over sold. But a lot of people get cut trying to catch a falling knife.
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