Friday, May 16, 2008

LXU - Up Up and Away

LXU continues it rally out of the Wedge break.

I continue to await a pullback in order to determine whether or not a re-purchase would be prudent.

For those of you that took 1/2 your position off the table at 17 1/4 and let the other half ride, you might entertain tightening your stop probably to 18 1/2. This will lock in a very nice 34% return for you.

I am keeping tabs on the stock and should another purchase warrant consideration I will alert all of you to the action.

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