JOYG: Do Not Be Long Near $78.65
July 8, 2008 12:11 AM
One of my calls to be long this Titanic market was JOYG. If you are long this stock, watch for a reversal around $77 or so here. it would have to clear $78.65 to have any chance of being long, and even then it would have to clear the high of $90.00. The easy money of up 3.03% has been made (up 4% from the open), dont be a pig. I gave the readers a 3% - 4% gift long, with a firm number to hold, as always. Have I mentioned in the last 23 seconds I believe in numbers? (Unless news).
With all that said, i still believe if you are long this market you are on board the Titanic. Take profits early and take them often. Take the 3%-4% profit long, exit, and wish the passengers good luck. But that is my view.
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