Friday, May 16, 2008

MBT Follow-up

MBT was up over 5% today as it broke through the declining tops line (in white) I referenced in a post a couple of days ago. I held a position for most of the day, sold it near 80 and then bought back a 1/2 position just a minute before the close. My main concern at this point is the yellow channel. I love how the stock is acting so clearing that channel solidly to the upside will have me back to a full position.

No comments: