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Non-Tech : HMK-Is this a buying opportunity?
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To: daaan who wrote (11)1/29/1999 4:01:00 PM
From: TraderAlan  Read Replies (2) of 66
 
daaan,

Gaps like the big one on HMK take time to fill. You can expect testing at the bottom of the range for a long time.

Then working through all the folks now in a losing position by the major volume impact yesterday to take time unloading and balancing their positions. Probably 3-6 months unless the major fundamentals change in a big way.

Just so you know, I am a technical trader. I know nothing about HMK's prospects. Gaps is gaps, so to speak.

TraderAlan
aka Alan Farley
editor/publisher
The Hard Right Edge
hardrightedge.com
Morning Trader
hardrightedge.com
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