*AV*-[WFR]-Here ye, Here ye, everyone who invested in WFR has a minimum return of 20% to date, whether you bought it on my opinion or that of Kevin's. As much as I agree with Kevin's assessment of future price performance on WFR (personally, 50 is what I am looking for), it is time to set some stop loss limits and protect profits. I think a moving 2 1/2 point target is in order. So for now, lock in 31 1/2 as your lower limit. Move this number up as WFR advances but DO NOT ever reduce this exit point after moving it up.
I strongly believe you have nothing to worry about on the downside of this strategy since I do not think we will experience a reversal here.
Too many indicators have convinced me that those invested in the semi sector are about to go for a pleasant ride. Look at DPMI and PLAB, the othert commodity companies. Look around the other stocks in this sector (come on UTEK already) and you will see that the good times are about to roll.
So for the record, I am heavily rotated into this sector. But you know that from my whining over the past few weeks relative to margin pressure. Good thing I added options when the "margin man" came after me.
Good luck and good times,
Andrew
Vicki-if Rachel is anything like my Jessica, I would gladly like to throw my hat into the ring. I might even get a "kitchen pass" from my wife. My computer is now back on line but with numerous epithets going back and forth between my wife and I, in thwe process. |
