Tuesday, November 24, 2009

Alert: SVM

We are long 50 shares of SVM at $5.69 and 50 shares at 6.47. The stock is getting a bit overdone and it's a good bet for that gap between $7.25 and $7.50 to fill so, let's move our stop up to $7.15.

Will SVM sell off? The only thing we can do is set the stop and let the market decide.

No comments: