Honeywell finally funded their Enron, WorldCom style 401K retirement plan, with shares out of thin-air. The shares were at the current price and never mind the missed dividend payments, but they did follow through... The question is when to trade them off. As the S&P trades up into the 61.8% Fibonacci range, all other stocks will top out as well. For me, the...
Elven Billion worth of stock buybacks isn’t going to look so Brilliant when they are 50% under water. This is the time to be issuing stock, sitting on a nice cash position, and looking at what companies you want to buy at a huge discount this Summer… You listening Darius?
Honeywell to trade down with the market in the new year…
This is a company I’m intimately familiar with. Notice this is drawn as an upwards correction. Honeywell is a company with fabulous Cash Flow Control. This company is the epitome of Financial Engineering, but that is the problem. In the 90’s, the price action can be construed as being impulsive, meaning that the prospects for the company were on an upwards...
On Friday 8/17/2018- I bought a verticle spread 150 call and I sold the 155 call. This strategy makes money by having the stock price stay above 150.00 per share + (how much I paid for it). I paid 3.05 for the vertical call and that means the stock needs to stay above 153.05 by December and I can make $195.00 best case scenario. As with all trades, I don't ever...
Sell to fill the gap
Overvalued per Ichi and Stoch
First sign of convergence on MACD
Evening star at the top
Quasi engulfing red outside
Puts Sept 21 $145 strike .81 - .83
Thats about 2 contracts per one share...
HON That volume bar is not retail buyers. I like to see it clear the consolidation area and then come back to retest.
Howerver, with that volume I am tempted to take a starter position and add if it pulls back some.
I'm seeing a lot of US equities with very similar patterns to this one at the moment that might suggest they may be due another another decent run up. However, If they don't push on from here then it would also suggest that a major top could well be in and we can expect the present correction to deepen much further. I for one still can't decide whether to jump...