PHM, Pulte Homes update

phm jan 2012

August 30 we recommended this stock for the simple reason that it had dropped out of a triangle and should return back to that level. As the stock proceeded to drop for most of September you should have gotten it under $5. Here we are, almost back to the triangle , good for a 60% gain. It may go higher but it should drop back to $5.25 before it does that, if it does.