GREY:HRIVF - Post by User
Comment by
discernon Aug 21, 2010 5:22pm
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Post# 17371940
RE: Rocketing past $ 1 to $2.50 and my prediction
RE: Rocketing past $ 1 to $2.50 and my predictionFirst off, I hope what you are saying is true. I have thought that HRG was ready to rocket forward a few times (like when it ran to 0.98), only to find that it was sold off as quickly as it went up.
This time is different. A few people called an opening of 0.85 this past week with it running up to 0.90. HRG surprisingly hit those targets. This stock has not demonstrated such a slow consistently building share price over the last year. Usually, the price would go up through wild swings. This time is different, in other words, most of the action over the last few weeks (even months) has been through investors, not day traders.
It wasn't too long ago, (maybe six months). When HRG was one of the closely watched stocks and most commented stocks on Stockhouse and often would show up on other sites as well. Every time there has been momentum before, Severstal would release negative results, or would postpone reporting because of a variety of reasons. Finally, management is demonstrating reasons to be confident in it.
Many people have grown sick of this stock and have left the forum and cashed in their profits or losses. It seems that management is doing a good enough job, and the future of HRG is compelling enough that people are coming back and finally ready to give it a try.
I expect that HRG is on the radar of many investors and once a certain threshold breaks (probably a close over $1.00), we will see upwards momentum that could catapult this stock towards proper valuations.
Since many of us called correctly a run into the 0.90's last week, I will join tomwhitford and call a quick rise to 1.00 early next week.