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Posted on May 14th, 2008 at 08:58 AM
Well we got a nice clean trigger in Tyco International (TYC). If you were following along a good clean trigger was in the 44.50 area give or take. So as of this writing you should be around a point and a half in the money. Halfway to the MOB is just up ahead at 46.94. This is a good time to be adjusting stops just a bit (say to half your original risk). Its just money management from here on out.
Posted on May 14th, 2008 at 09:08 AM
We do the things we do with Advanced GET to keep us in the highest probablity circumstances. The use of specific trigger methods is chief among them. Emulex Corp (ELX) is a prime example. Good looking technical setup for a short, nice GET Stochastic, clear downtrend and a weak sector. However, no trigger yet. So what are we to do? Wait and see if it develops and gives a clean trigger, that is what. Since my first post the S&P ($SPX) has bounced up and the enviroment for being short has been none to pleasant in equities. Our independent trigger in (ELX) has kep us out of a position that would not be going in our favor.
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