(This is typically a morning alert my Oxen Group Alert members receive about where our picks stand going into today’s session. If you would like to receive these alerts, let me know)
ERY – Since the ETF has run up a lot in pre-market, I am waiting for a pullback on this one before I will purchase it, and at these levels, we should expect some quick profit taking to occur. We are going to bring our entry range up to my limit of 3% as a buy in. The new range will be 12.85 – 12.95. If we can get an entry here, we will be getting this stock at a great price, but we may miss this one. I would rather miss it than buy in at such a high price and be stopped out before we can make any money.
November 3rd, 2009 at 9:25 am
Oxen Report Morning Levels
(This is typically a morning alert my Oxen Group Alert members receive about where our picks stand going into today’s session. If you would like to receive these alerts, let me know)
ERY – Since the ETF has run up a lot in pre-market, I am waiting for a pullback on this one before I will purchase it, and at these levels, we should expect some quick profit taking to occur. We are going to bring our entry range up to my limit of 3% as a buy in. The new range will be 12.85 – 12.95. If we can get an entry here, we will be getting this stock at a great price, but we may miss this one. I would rather miss it than buy in at such a high price and be stopped out before we can make any money.