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Honeywell International Inc. Message Board

  • stockdean1 stockdean1 Dec 7, 2012 11:29 PM Flag

    Near 52 week high! Time to short and ride down! Sell gains before fiscal cliff.

    Plus fiscal Cliff looms and many will sell gains before year end.

    Sentiment: Strong Sell

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    • Its actually an all time high and 12 years in the making. Basically, at present, NOBODY is at a loss so nobody is looking to "just break even". There is no resistance...fiscal cliff is a wild card but technically, HON has been basing for 12 years and has just broken out.

    • The street figures the politicians will fix things because there will be riots in the streets come January if they don't---lol.

      So, seems to me that the street wins on its bet that fiscal cliff is fixed decently and rally starts up with all of that cheap QE3 money.

      Next year is Merger and Acq. year for so many beaten down stocks that are 1/2 true value based on many metrics, including international value to foreigners rich in Asia.

      Sentiment: Buy

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