Monday, July 26, 2010

Stop loss in DTG moved to breakeven...

Despite the strenght in the market indexes from the start of trading today, DTG has been persistently weak from the open. DTG also displayed this type of behaviour on Friday. Consequently, I have become very suspicious of DTG on account of the above highlighted price action.

In principle, DTG is still a hold despite the weakness as long it does not break the $45.00 minor support level. However, the volatile conditions in the market and uncertainty about the longer term trend of indexes have forced me to favour capital preservation in favour of trading aggressively. So I have moved my stop from the $45.00 support level up to $46.00 or about breakeven.

I have left my stop loss in ROVI untouched as ROVI continued to act beautifully.

If I make any further moves, I will be sure to post them.

Until then, good luck and good trading!

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