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Anybody care to comment??? I finally got a very small position in HPH today - please don't tell me I made a mistake! :) So far my limited DD tells me that (and correct me if I'm wrong) HPH was way oversold.. plus with the asian recovery, possible take over there is a good chance things will bounce back - maybe not back to the high $30s.. but enough for everyone to get a little profit!
I'm glad I was playing golf today, had no chance to even get delayed quotes! I'm averaged in at about 1 7/8. I would have had a good day, but AOL and RNWK continue to TANK with a capital TANK. I'm in those until they recover. At any rate, I see HPH heading back to the $5 range before some pull back. The stock was oversold, but the recent action can't continue with out some profit taking. I'll take some at 4-5, depending on the volume/momentum. Hope you made some $$ today!
I heard the Bass Brothers in Texas was somehow involved in the Chase deal. No Disrespect, but what would CAT do to HPH share price if they did buy, not much book value. Just looking for your thought. My feeling is that if this hold works out, it will be a wait and see. UI bought at 1.18 so at this point I dont care about the current price. I am fishing for the home run comfort level.
Another thought, your idea makes real sence if CAT only buys the big machinery buz and spins off the paper making side. I live in Wisconsin, you can't imagine the rumors that hit the streets here. Different every day. I'm not an insider, but closer than the outsiders.