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HPOL Message Board

  • snugly60031 snugly60031 Mar 17, 2005 12:27 PM Flag

    HPOL Got Too Cheap Wednesday

    IMO today we see oversold bounce as bargain hunters pick up shares that got too cheap yesterday. I'm long, so I would like to see this as a reversal of downtrend, but I just don't think it is. I wouldn't be surprised to see new test of this morning's low in coming days. If it holds, that would be a double bottom, and that would be good. That would not mean that there would'n be yet another test later, which if it holds would make a triple bottom. That would be very good. Of course, if any of these tests fail, we're heading lower. I'm optomistic, so I placed a GTC buy order at the low.

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