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May 18th, 2010 at 12:37 pm
Oxen Alert – Midday Message
The market had made a complete turnaround and is in the red now even though lots of great news is out there. I thought it would sustain the gains after a rough day yesterday. Maybe we will get another late day surge.
CHS – We have our stop loss set at 14.20. The stock is at 14.32 with a low of the day at 14.30. It isn’t breaking that 14.30 mark, but I do worry that unless the market turns around we are going to get stopped out for a 3% loss. We will continue to hold, and I am hoping for that 2 PM surge before we get stopped out.
Current Position: HOLD
EUO – We are about even with this short sale. The Euro is bouncing back, but EUO is not dropping like we had hoped. In fact, it has made its way back to the positive side. I am going to continue to hold here, but I will probably take a small gain if we get that late surge. Otherwise, we can just take a breakeven and be happy with that.
Current Position: HOLD
ARO – Much like the other two, ARO has lost ground as well. I am still up 1% with this one, but we had almost 5% gains. We will continue to hold as this one doesn’t need to even be sold until Friday at the latest.
Current Position: HOLD
Good Investing,
David Ristau