Tuesday, September 11, 2007

Bought HAL @ $83.67


I jumped on the HAL bandwagon today, with the stock gently rising since the announce of the KBR IPO.
Promoted by Cramer and touted by all parts, HAL should reach $100 within a couple of months if not weeks.

I've detailled a bit more what I like about the IPO and why I think HAL will benefit from it as a stock (as a company there are also some pluses but they're not worthy of a $20 rise by themselves.

I admit I haven't gotten a chance to do much research on HAL and bought mostly on a gut feeling and on the hype. We'll see where that takes me.

The stock might be a little over extended but once again, this is a buy on the news and fundamentals and technicals have little to do with this trade.