HONEYWELL Doing it right

Discussion in 'Stocks' started by $CostAverageMAN, Feb 21, 2006.

  1. I bought this one on Valuation when it was at 34.75 many months ago.
    Thought it was going to be a dog of my defensive play's, but look at this 15 day move.

    I got it when ATI, TIE, and RTI all titanium plays had trouble with Titanium sponge imports. Since HON has a part of thier bussiness in titanium sponge I figured it would be a secret way to play this AEROSPACE boom from BA and Airbus.

    I had no clue about this big 4 billion dollar contract coming from Airbus today.

    I bought it for the wrong reason but It's up nicely for a mega Cap.

    What other reasons are thier for me to not sell this guy at 49 ( my 2 yr price target ) that it could hit today for all I know.

    Just bringing it to all's attention!!!
     
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  2. chart's very very bullish, no signs yet of a reversal; if I was u I wud mod my order and add a trailing stp I'm comfy with and let it ride 'till something tells me otherwise...if u are worried about giving back your gains, buying some insurance cud be an options.
    nice trade by the way.