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June 9th, 2010 at 10:28 am
Oxen Alert – Position Update
(This is a preview of an alert that you would get if you signed up for Oxen Alerts)
Hey everyone,
I am sorry that I was not around this morning. I had an unexpected emergency come up over night that kept me up extremely late. This morning, I will be working on another Overnight Trade for you guys to play since I did not have any morning trades.
MTN – As I suggested, yesterday and with all Ovenight Trades, we wanted to exit at market open. That puts our exit at 38.20. We entered at 37.35, so that is a solid gain of about 2.33%. The company beat estimates, but it was a little more cautious on outlook then I think the market was expecting.
MW – This Play of the Week has worked out excellently for us. We entered this one at 18.55, and we were looking for an exit of 4-6% putting us at 19.30 – 19.67. The stock moved all the way up to 19.66 this morning. I was not able to get out since I was not around, but I am exiting now at 19.44.
If you are holding MW, SELL!