Any guesses on how low HON stock price sink before it bottoms? Odds are there are more down days ahead.
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Feels like we are ready for another leg down in the stock market, despite the fact the Fed and other central banks are buying the world to prop it all up. Is a bull trap being being set? 🤔 Are we about to see the largest transfer of wealth in history, where a large portion of the middle class gets wiped out? 🤔
will buy at $15, or $5, but guess what, Donald will send a $XB directly in the pocket of Darius.
poor company with poor culture = HON
Hoping for 40
$73.60
hopefully zero.... greedy mo fo's
Hon mask making got a plug on the White house Corona virus update today. Masks are cheap won't mean much for HON. Leadership has been selling off parts of the company so revs are lower. Sales will be slowing after 9 straight bull years. I say slow morphine drip action into 90's then 80's. Some other companies will become the next WS darlings.
The mask making division will dump Aero.
Revenues and EPS will decline this year. But, this is a very well run company!
The balance sheet is strong. The technologies and products are world class
We will emerge out of this stronger than all our peers.
The fib retracements would be 111.2, 90 and then 68.7. Look for price and volume action at those points. We just took a breather af that 111 point. If it breaks on monday, which is likely, then most likely we test 90.
Alll that ... im not buying any stock yet.
Dont underestimate the power of money printing.
Never underestimate easy money. Not sure it makes it to 60...but i wont be surprised if it does.
Honeywell is missing a huge branding opportunity. Should be running non stop commercuals showing our safety products business. https://www.honeywellstore.com/store/category/honeywell-respiratory-protection-face-masks.htm
We make those n95 masks.
“Only when the tide goes out do you discover who's been swimming naked” - Warren Buffett
Ran value analysis on HON based on recent trends and future instability in its sectors. HON's fair value price would be about $25-35 per share in these market conditions to be an attractive "Undervalued" stock compared to so many other solid undervalued stocks
If you look at 2008 and 2001 we have about 30% more to go. We are 37% down, 65% in 2008... Given the econ chaos that the virus is causing I’d say we will be in 60 bucks range in three months and will bottom at that point...
I am making my puts moves based on this, I am not a pro but this logic served me well over last few weeks...