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jim1234

05/27/09 1:03 PM

#91163 RE: KGB1974 #91162

THere was talk on yahoo heb bd about a hedge fund manager married to the gov woman (Her husband) that he needs to sell his HEB from his hedge fund. THat is great which means there is no conflict of interest
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GreekPimp

05/27/09 1:11 PM

#91168 RE: KGB1974 #91162

IMHO it is just normal resistance. If you look at the 3 year chart you will see that back in October 2007 the 1.70 area seemed to be a big resistance point. Once we break the 1.70's it should be an easy ride up to the $2.15 - $2.25 range which is where there was good resistance back in January of 2007

i am not an expert of charting... just in my own opinion. i would seek confirmation from someone that knows what they are talking about :)
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TEAM ICEMAN

05/27/09 1:14 PM

#91171 RE: KGB1974 #91162

RE: HEB

Its tough to say, its been manipulated a lot over the last week, but I think we're looking at some profit taking, a lot of people got in well below $1.70 in the last week (MMs ran it down twice taking out stop losses as low as $1.10) and are taking some off the table. Also, some accumulation is taking place as fear and greed find an equilibrium (at least for today)

I think it was a great sign how well buying support swooped in when it made a downwards break towards the $1.63 LOD. It popped back up pretty quickly.

IMO HEB closes in the $1.71-1.73 range near HOD today. I bet tomorrow is more of the same. Morning pop to the low $1.8Xs, dropping back to the high $1.6xs for the low of the day, settling back at 1.75-1.76 to close.

This is all purely a guess based on the action this week and the fact that most that are too scared to dis-approval are being shaken out day by day and the rest don't want to risk missing the boat if this thing explodes. To me this means less and less sellers unless the price moves up.