[Entering Position in Horizon Offshore (HOFF)]
Dear Member:
Horizon Offshore (HOFF) provides marine construction services to the offshore oil and gas industry. It has just bounced up off a multiple bottom and formed a Japanese candlestick "morning star" Friday. I like the stock at a limit of $15.45 or better on a day order. If I am wrong on direction, there is a convenient exit on a move below $14.67.
DISCLOSURE: At the time of publication, I have no position in HOFF.
Sincerely,
Bill Kraft
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