HONEYWELL Doing it right

$

$CostAverageMAN

I bought this one on Valuation when it was at 34.75 many months ago.
Thought it was going to be a dog of my defensive play's, but look at this 15 day move.

I got it when ATI, TIE, and RTI all titanium plays had trouble with Titanium sponge imports. Since HON has a part of thier bussiness in titanium sponge I figured it would be a secret way to play this AEROSPACE boom from BA and Airbus.

I had no clue about this big 4 billion dollar contract coming from Airbus today.

I bought it for the wrong reason but It's up nicely for a mega Cap.

What other reasons are thier for me to not sell this guy at 49 ( my 2 yr price target ) that it could hit today for all I know.

Just bringing it to all's attention!!!
 

Attachments

chart's very very bullish, no signs yet of a reversal; if I was u I wud mod my order and add a trailing stp I'm comfy with and let it ride 'till something tells me otherwise...if u are worried about giving back your gains, buying some insurance cud be an options.
nice trade by the way.
 
You must log in or register to reply here.
Back
Top