My Dominion Homes Friday Trading Suspicions - Who Knew What and Sold On It? (DHOM)

Look at the Dominion Homes (DHOM) trading on Friday, particularly after 2:00 pm on the chart below. Then compare that to when the news of DHOM's bad sales quarter was first made public.

Given their announcement about bad sales, the drop is especially suspicious.

Who knew what and traded on their little secret? Ok SEC, do your job and tell me if this one passes the smell test or what!

DHOM chart from Friday 7/7/06, with volume in 15 minute intervals:

click to enlarge

Comments

[Joe McMullen:]

CSFB has a weekly on homebuilders (out on July 6). Last weeks was particularly withering.

2006 Jul 12 07:34 AM