Chemtura Corp (fka CHMT)

[Manti]

"however it's always good to have a point in mind where you might want to take profits."

If you're looking for flip points, there will always be the retest of the previous high, which is 1.15 area. Next will be the 1.3 to 1.5 range. Where it stops there (if it stops) will depend on how it approaches that level. Just make sure that if you're taking profits, you're happy with what you get, because there is always the possibility that it will NOT retrace. That's why many longs are just waiting for the story to play out. Logically the sp will continue to climb as developments occur, and it should continue long after exiting bk.