Hey H....you've got a good eye. The trading on both DY and FNX wasn't what I would call bullish...both stocks are being distributed, especially DY. It seemed that every time it would move up a point-- another 100,000 shares would show up at the ask, yikes! I posted my sell on DY earlier today #msg-1077080 -- I also sold FNX for the same reasons about a-half-hour before the close. It's nice to see them pop but if the OBV indicator doesn't confirm the move there's no sense in sticking around. Fwiw, I'm keeping them both on my primary watchlist-- I'll be playing here again once the distribution ends.
I added one golden dawg as an overnight insurance policy-- Southwestern Resources (SWG-TSX) @ $8.00 My maximum stop-loss is set to about seven and a half bucks -- but if the markets start to fly again tomorrow -- dead money is reason enuff for me to move on.
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