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Strategies & Market Trends : The Good-The Bad and The Ugly
MAGS 67.15+0.2%Dec 9 4:00 PM EST
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To: Oral Roberts who wrote (1179)8/30/2000 5:47:37 PM
From: Mike E.  Read Replies (1) of 8686
 
Agreed, Jeff. I went and looked after I made that post and it looks like EXDS bulled over a little weak resistance at $66 on heavy volume. I move my trailing stop up to just below today's open (stop at 62 1/4). I'll give it that much room to wiggle. (If I wanted to be extremely strict, I'd put it at 66 but if I do that, I might as well just sell it outright as it will likely hit that intraday.)

It has been an incredible run thus far with few pauses at all. EXDS ---> 800 lb. BULL! <g>

Thanks for the read, I totally agree at this point. Would not want to be short in the $60's with a chart that looks like that, much less from the $40's.

Mike
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