Thursday, September 25, 2014

Closed: EMES

I had entered EMES as a mean reversion trade and it worked well --- for a day. When a stock should and it doesn't it is not a good sign.  I sold this morning @ 112.81. I was a bit slow to realize that it wasn't going to bounce and  I gave back too much profit but I escaped with a profit of 1.33  .25R Still much better than a loss.   Unless we get broad market buying it looks like EMES is going to go lower. 

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