There’s an endless supply of cash for Honeywell to buy back stock and there will be even more with a Gov’t COVID stimulus bill.
You need to be a big stock holder in order for the stimulus to help you.
How low can Honeywell go?
5 replies (most recent on top)
I'm pretty sure everybody lost big in the market, unless you had a crystal ball and moved it to fixed before this all happened...
I've never put a dime into the 401K ponzi scheme and I don't regret it one bit.
It's sad that people believing in the Honeywell rhetoric put their entire 401k at risk only to see it cut in half in a matter of a few weeks. Never have all eggs in one basket grasshopper
Exited at 182. The market is volatile. More downside ahead. Futures are limit down again. Given the recent price drop to 101, down appx 25 in one day, it is not unreasonable to see 75, or less. Time will tell.
Historically, Honeywell only buys back stock when it is at all time highs and then suspends the 401K match and stops buy backs to conserve cash when the stock crashes. I want to see comments from all the “I have 100% of my assets invested in Honeywell stock and I am a 401K millionaire” now?