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October 7th, 2010 at 10:04 am
Garbon –
Yes I understand that it filled below limits, but if a stock opens below the range and is dropping heavily throughout the morning that is a bad thing. When we have a Buy pick, it has a set range. If a stock opens below that range, look for my guidance in the future. My comment right away was it is attractive at lower valuations, but we should wait till 37.35 – 37.25.
Etrade –
I would take some small gains. It has made a 2 – 2.5% move from its bottom. I am not sure we can expect much more out of it. Really dumb the way it dropped this morning. That did not make sense. I wish I had pulled the trigger though at lower valuations. Oh well.