GREY:ALARF - Post by User
Post by
mountainposeon Jun 08, 2018 4:36pm
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Post# 28148126
"Me Thinks" is up the first $1.00, so a minimum of $1.00 to
"Me Thinks" is up the first $1.00, so a minimum of $1.00 to go to be correct. The move is actually turning out to be significantly stronger than I first envisioned. If we break $17.10 we will be in a "longer Term" uptrend and then another $20.00 is easy pickings. Reasons fundamentally? The strong economy is lifting all boats including their holdings. Looks like rates will hold for awhile as well, and they're fixing the hole where the rain came in. (Beatles) And, of course the shares went down too much. Even a 25% dividend cut or so would yield around 6% at $20.00. If they did cut the dividend at these levels the stock goes up $5.00. The preservation of cash assures the company's sustainability and that is priority one. Updated chart is wickedly bullish.... ( https://stockcharts.com/h-sc/ui ). In physics it called "acceleration of acceleration". It takes a lot of selling pressure to stop a stock going up this quick. Whatever you do don't be short the stock. Also give yourself a decent profit before reducing your position. Still not too late to buy at all. Good luck!