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HAL target price is raised to $32-$34. I doubt it!
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• Monday, October 12th, 2009

OCT 13 2009
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UPDATE SYNA–SYNA was as high as $22 in AH–looks like today was the low!

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Todays Disqus comments and observations
FPL member chart–This second retest of the 200 day–I’d stay out
FPL expanding solar-( money out) -I might get my Below 200 day short target
GLD I might short some more gold stocks–I like my readings on my overnight charts-( the Macd’s the slow sto’s the percents, everything is in place to deliver a down overnight) -I might even take a small position in Short GLD, using 0.5% stops–The reason for the stop is NEM–NEM not at $51
HAL closed out shorts will wait till after OCT 16th earnings to get back in–either on the up move ( a short) or down move, ( buy the dip)
KGC Shorting KGC for an overnight–23.6 entry +0.20, so far–HAL overnight short worked +3%, out and get back in after earnings oct 16, SYNA–hope you’re LONG
$HUI, I have overnight short sell signals, use a 1% stop
IBM needs to break higher from this $127 resistance
JCP is frustrating. It won’t go high enough for it to stop out–It sits there
KGC I’m trying a small GLD short for overnight–and KGC short–double top 23.6
NEM I’ve been waiting for NEM to get to $51, before shorting NEM–I did that the last time NEM in the 48’s–and missed big opportunity–I could try this again at 48 and use a 48.5 stop
OIH Most of the OIH holdings are trading at 24X eps–I give OIH 135 tops this cycle–RIG is the one stock that is still undervalued by approx 8%–
thus 125 x 8% = 135–RIG keeps going higher–they all ( OIH stocks) go higher. HAL reports OCT 16th, I think they will miss. I have shorts on HAL, ( small position, with tight 2% stops)–I’d rather short HAL at $31-$32
Oil is probably headed down after oil inventory report gets released in the morning
SYNA LONG SYNA 21.05–100% i can get 22.33 the gap exit
SYNA, I think someone ask me about SYNA the other day–20.9 is where I’d start accumulating
SYNA LONG SYNA 21.11, trying for the 2 gap exits 22.33 and the 23.4
SYNA LONG SYNA 21.05–100% i can get 22.33 the gap exit
OCT 12 2009

For right now, I don’t see how HAL gets to $34, except on the back of RIG and possibly SLB.
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This happens 5 times a year!


Just because C or JPM raises their target price to $34, doesn’t mean they are giving you correct information. Sometimes it’s their job to give you mis-information–
I very much doubt HAL gets above $30. $1.23 in earnings isn’t exactly a value company. If I give HAL a full 24.4 p/e, I can only come up with 30.01 target price.
They report OCT 16th. HAL beats the street by 10 cents, then yeah–I’ll see a $32 price.

Category: OIH sector
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