Bum, from your long term update,
>>>3/27 DLX (msg #8640) ... Trade still open ... up 0.3%
..... E $25.50 ... AS $25.50 ... PT $2.50 - $5.00<<<
Did you get stopped out of DLX on friday when it hit $25.45, based on your Adjusted Stop of 25.50?
I notice on the weekly chart that DLX had about 3 positive weeks before ending friday close to your initial entry point. Looking at the chart now, DLX shows a stage 4 alignment. It was attractive when you entered, as you stated at the time, an unusual bottom fishing play. Now it appears that if you are NOT in already, it would not be a buy unless it triggered at about 26.82. If you are in already, would you stick to your adjusted stop of exiting at 25.50 (only 10 cents away from Friday's close)?
The preceding UP weeks showed pretty good volume. Last week's DOWN week volume was also fairly substantial too, but not as large as the UP weeks. More a reflection of overall market selloff, I suspect. But nevertheless, a few weeks ago, DLX looked like a good trigger entry at 25.50. Now that DLX is close to 25.50 again, it does not look like a good entry. Correct?
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