I said this too when Hemi was ~.20, a handle to possible form~.40, but then I was corrected by a boardmember that ~.35 is more appropiate for this handle based on volumes back in June at this .35-.40.
In any case, HMGI seems to have hit .35-.36, top of the cup, and now has pulled back to .30-.31. I did sell some @.345, man it was like a root canal selling, but now seeing this level I feel ok.
Moral to my story....stick to your strategy. I said I would unload a few at a point that I thought a handle would form, (initially I thought this to be ~.40, but was corrected to ~.35) and then buy back if possible at a lower entry. Well its here...now the question is when to buy back? I indicated that I would buy back at the time .05 lower than my sell..bingo .29 is currently on the bid!!!!
I just love it when a plan comes together.
Kels
