Monday, June 2, 2008

LXU - Update

I continue to monitor LXU for a re-entry point.

Currently the $16 level looks like a very good point to get back into the stock, but the most recent turnover in the price has given a new downside risk target all the way to $15. Therefore the strategy will be to place half your position into play at $16 and should the stock make its way down to $15 then we can purchase the second half of our line.


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