gamer456148
Short

HON: Been Low Growth: Waiting for a $140 Target

NYSE:HON   HONEYWELL INTERNATIONAL INC
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, here are my insights: Honeywell needs to soon pass that $140 price target, which is where it is expected to go within a week or so. Between my analysis on May 2nd and now, Honeywell barely grown at all and as an industrial conglomerate it is a stable growth stock in general, but not a high growth stock. It also had a large hit during the Covid19 period. That being said, currently I am bidding on higher growth stocks to invest in over Honeywell. The short target is $140 with potential of a stable hold with low to mid risk.

Comments

HON pays a good dividend and not sure if it will go down to 140..but good luck. I am in a long position but pull backs happen!
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gamer456148 lauralea
@lauralea, Yeah. I was way off, given minimal performance since my last analysis and then. That being said, I wasn't technically wrong. Overall I said, it needs to pass $140 within a week or so, and if it does it has potential of a stable hold with low to mid risk. Those who chose to hold it seen that extra turn over. Still, I could have been less harsh. Definitely looks like it should pass $150 now. If it passes $150, I would do a sell off and reinvest in a stock with higher EPS that analyst are bullish on (strong buy). Even if you do a sell order at $150 and it keeps going up, if you can grow your money a higher percentage rather then trying to continue a long hold at that point given the next correlation period, I think I would take profit + reinvest in something else. I am a day trader though, and this is just my opinion. Not financial advice or anything, but my two cents. I like faster growth because it compounds.
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lauralea gamer456148
@gamer456148, Thank you
I hold it in my IRA since it hit bottom after corona balona crash..so we just look at it differently..but I bought it in my individual account..made some and sold it. I guess I am a swing trader type..lol
Reply
gamer456148 lauralea
@lauralea, Yeah, this stock did have a decent 16% increase since the time I predicted it, but other stocks I predicted grew much bigger percentage-wise. The type to do holds in these swings usually is the long trader type. I'm a Quant, and both day trading and high frequency trading are different kinds of the same sport. Most traditionalist in the trading world aren't. Generally holding stable growing stocks, however is way less risky than my types of strategies. Low risk is low returns, and high risk is high returns. However, high risk also is a quick way to lose everything. That is why diversification is important. It is easy to keep compounding back and forth if you know what you are doing, but once even experts make mistakes (which I by no means claim to be an expert), the drawdown can be detrimental. Warren Buffet and Peter Schiff actually are in the traditionalist category. Jim Simons and Soros are closer to the riskier side of the spectrum, but still nowhere near some others. The whole spectrum of trading psychology and trader types actually is quite interesting. Game theory and sociophysics play alot into these markets.

The high risk side of trading types though need to wake up at 4am, have tons of tools for technical analysis, and basically be constantly on the watch for patterns even with some of the most complex of tools.

In hindsight, I recommend a majority of people to be the low risk aversion type because the statistical probabilities aren't usually on the average person's side.
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