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Honeywell International Inc. Message Board

  • rudecrudesociallyunacceptable rudecrudesociallyunacceptable Sep 5, 2012 2:37 PM Flag

    With all due respect---


    --If the new Europe plan is viable, it could turn markets around.--

    If, If, If---

    Gasman, you have been touting the same comment for more than 18 months.

    The EU is on the verge of falling apart and all the wishful thinking is not going to change the outcome.

    As stated before, I think we are likely to see the stock pull back by 10% by year-end and your projection of $55 puts us close.


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    • Rude - Only thinking very short-term, looking to make a quick buck on “events”. Been a good year so far, 401K up almost 22% ytd on mostly HON trades. Moved out of HON today after moving some in these last two days. Was going to hold and double up if it dropped to 55 range but decided that these pops generated by good European news are getting more short-lived with each new “story”.

      You’re right on the wishful thinking. I know the odds are against Europe pulling out of their slide. They were living high on the hog for so long it is going to take a while to unwind the glut. They did give the can a good kick down the road this time. If anyone leaves the Euro now, it will probably be Germany ! Don’t understand why the Euro is even holding up - anything above 1.25 is good for HON.

      Waiting for the next “event”.


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