Posted on June 2nd, 2008 at 11:11 AM
Well Tyco (TYC) has not completed to the MOB for us since triggering. We made our first profit objective and since have pulled back and are hovering just above what I think is the best stop. I would say that in the face of what the ($SPX) is doing today TYC is holding strong.
So now what? Well its just money management here. Adhere to the stop and trade it out. We have a profitable trade at this point.
Good Trading
Craig Russell
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