|
Follow through off the $37 1/2 bottom has been anemic so far. Intellectually, one thing that has bothered me about this trade is that it seems to soon for a bottom in negative psychology [or at least a greatly cooled positive psychology] post VERT. I had thought it might take a month or so to work itself out. Do not have an upside target, that usually develops in real time. Am more interested, given todays action, in consider a sell stop just under yesterdays buy in. Yes, I said I'd be willing to risk $1 1/2 to be possibly early with next support at $36, but around $37 1/4 might just step aside and see how further downside develops. With internet trading fees so cheap, one now has that luxury. Whether to buy or not, it is your decision, and greatly depends on your outlook, whether you have shares already, and if you plan to hold the position for years. If the later is the case, this short term opinion stuff is probably pretty irrelevant. Will give this trade the benefit of a doubt for now, but it's on a short leash.. Sorry this is quick and off the top, but limited time dictates. Mike |
