Thursday, June 26, 2008

C - Sell-Stop Warning!

We have to respect that the technicals could deteriorate further giving us a sell-stop warning. Volume is large and if the bounce doesn't occur then more downside risk is ahead. Look at the MACD's which could easily turn down and test that November -3 level.

Recommendation - Sell 1/2 the position and if it breaks down below 17.50 sell the other half and move on for now.

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