2 replies to this topic

[SilentOne]

I'm watching the pullback in HMY these days. It got hammered on the GFI takeover offer.

I am waiting patiently and hoping to get a nice buy at the bottom of the channel. See Steve Swink's chart below. This not a classic TA setup, but often times buying metal stocks is simply best done at what you think is the bottom of the channel. Technicals have to be supportive of course.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=HMY,uu[p,a]whclyyay[d20000914,20041231][pb50!b200][vc60][iut!uv25!uk14!ua5,34,5!up14,3,3!lj[$hui]!lf][J22682585,Y].gif

Let's see where it meanders down to.

cheers,

john

Edited by SilentOne, 03 November 2004 - 12:55 PM.

[bobalou]

John that 11. better hold,or I'm out. I voted NO, on take over. still holding a 1/3. from 10.77. I like the $$ play w/this, and held some.

[SilentOne]

Hi Lou, OK, I'm long HMY. Hope you are enjoying the nice PM rally! cheers, john