Love the looks of HS,,,,However: Today, imo, the stock should have held 14 1/2+ and it didn't. I look for two stock prices down the road depending on bull/bear market conditions.
Bear: The Oct sell-off indicates this could be an $8-$12 stock during a thunderstorm (minicrash)
Bull: The future looks good at $18-$21/share by end of quarter imo. I don't understand why this stock backed off this am, but hopefully we'll see a close back up the the $14 1/2+ level,,,,as current market conditions suggest. (look at the 1yr graph,,,,HUGE support at $15!!)
I was thinking of buying this one during the morning pull back, but didn't like the fact it dropped below (my) projected support of $14 1/2,,,,I mean, c'mon folks,,,1 of 6 SEG mainline distributors!!! That's gonna count big time imo,,,down the road.
Regards,
-Mark |
