Don, the close yesterday, under $72.5 was my signal to get out of the water, they gave me a nice rally this morning and I got out , another loss, the third mini-loss in so many weeks, a signal to me that something is not kosher here. If that stock does not hold the $66 Maginot line, it is going much lower, IMHO, my old mid 20' target, while still unlikely, has increased in probability. I may be back in at $66 (A favored entry point of mine, the last time it was a trip from $66 to $93 in less than 10 days), but will watch carefully. Something must not be as rosy as it appears.
Zeev |
