In the last few months, Honeywell stocks went from $230+ to $189.
Ideas whether it will continue to plunge or go up?
Whether it will just plunge below $100?
12 replies (most recent on top)
I sold all of mine recently. Turns out the emperor has no clothes.... It's all downhill from here.
I see it going to about 11.5 ish, so yeah buy now!
It's a beautiful thing
I told everyone I knew at the time that 230 would be HON all time high. Seeing the company before and after c***d there is no way the stock price should have gotten that high. It's an empty shell of its former self
I sold 100% of my stock last month.
No innovation??? But what about all those green belt projects saving jillions year over year? Seems like we're gonna be just fine... the future is shaped.
The easy money from the Federal Reserve is about to be turned off. The $Billions USD that DA has been spending each year to buy back stock to artificially inflate the stock price and his paychech can no longer prop up the smoke screen charade. Honeywell stock is still overpriced. No true innovation has occured in at least a decade. The org chart is an inverted pyramid, overloaded with useless managers. And with the great resignation still in full swing, the top talent has had enough of the bs and is headed for the exits. DA and his cronies continue to blame everyone and everything else for the problems that they have created. Wall Street finally saw through all of it and the stock tanked. This company's stock, along with the company itself, will continue a slow motion death spiral as it circles the bowl.
GE.
That's the blueprint. Those that don't learn from history are doomed to repeat it.
Yup, plunging below $100. Get out immediately!
Only a fool holds stock in a company they work for. If the stock crashes, layoffs follow. Lose your job and retirement at the same time.
Who is still holding Honeywell stock?
We would not be worried about jobs if we could predict market. Learn to trade.
Support is at the 180ish levels. Resistance is at 196.50 ish ( I don’t have my screen up).
Stock needs to go lower and test that support and then build a new base. Runs higher from here would be less healthy.