Posted by: fortunefaded June 1, 2009
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Riten,
I bought REXX at 7.00 and 7.10. Like I said, we are getting some resistance at 7.40. I would really like this stock to close above 7.50 today. If that happens, then the next level is most likely 9.00. I will hold it till 9 then I might sell some to take quick profit.
On the other hand, if the stock goes below 6.50, then the 200 MA can push it down further.
FF
I bought REXX at 7.00 and 7.10. Like I said, we are getting some resistance at 7.40. I would really like this stock to close above 7.50 today. If that happens, then the next level is most likely 9.00. I will hold it till 9 then I might sell some to take quick profit.
On the other hand, if the stock goes below 6.50, then the 200 MA can push it down further.
FF