Mark,
In today's market atmosphere of fear of just about all micro-cap stocks, I'd be hard pressed to tell you when a rebound in HOLT will occur. I'm not using any technical analysis with this stock, just basic fundamental analysis. I have been very early in buying this stock (started at $6.50) but I feel that the industry has been beaten down too much.
My earlier post mentioned that book value for HOLT is $3.94. My worst case scenario, which envisioned HOLT being liquidated, was $3.15. With HOLT now trading at 3 7/16, it is a screaming bargain, IMHO.
Remember, in micro-cap stocks, liquidity is a real problem. For example, in Friday's trading, only 200 shares changed hands, knocking HOLT down about 5%. If we ever get a major buyer in this stock, it will move up very quickly. When does that happen? Perhaps some event, whether industry related or market related will spur the buying. I'm still holding tight..... and looking to buy more if it continues to go lower!! |
