My idea is to look at HGSI as a long play above the $7.50 area. This would likely be more of a swing type trade as I believe a bigger bottom may still be in the works.
After the a.m. trade settles a bit, I'll try to get a 3C update out.
Tuesday, March 6, 2012
Don't Forget About the HGSI Long Idea
With a beta of nearly 5, HGSI being green today as the SPY is down over -1.15% is pretty bullish.
My idea is to look at HGSI as a long play above the $7.50 area. This would likely be more of a swing type trade as I believe a bigger bottom may still be in the works.
Here's HGSI on a 5 min chart, it has reclaimed green just moments ago.
After the a.m. trade settles a bit, I'll try to get a 3C update out.
My idea is to look at HGSI as a long play above the $7.50 area. This would likely be more of a swing type trade as I believe a bigger bottom may still be in the works.
After the a.m. trade settles a bit, I'll try to get a 3C update out.
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