First hello HEMI holders. I have been reading the HEMI board since my HEMI entry in Dec 06. For the record, my position is 125k shares, 75k long term and 50k for any short term moves if needed. Average cost .093.
I have enjoyed the information provide by all posts to date; it is clear that much of this information has been in the best interest of the HEMI holders to utilize as part of any position analysis.
The cup and handle pattern discussion I find most interesting. There have been good views posted on this board to date about this as well. However looking at the HEMI chart, IMO, it appears the cup is still forming the nice U curve needed. It start back in June-July 2006 peaking ~.40 and then bottom back in Sept -Oct 2006 ~.02 and would not be completed according the cup and handle definition until HEMI hits the .40 area again, then a nice handle could start to form. In the meantime the current recent action to me appears to be a nice upward step by step pattern (staircase).
I agree that one throws out the pink book on this one, and my overall strategy is to play HEMI as a long term investment combined with a smaller position to play any short term trends as a basis to potentially increase my over all holdings.
Kels
