Wednesday, January 14, 2009

Chart on Mantech - MANT

The daily picture of Mantech International, ticker MANT, (chart above) shows an interesting looking bear or rising wedge formation. As my notes on the chart indicate, we may want to keep our watch over this one with an eye towards the $58-59 area where we (hopefully) might get a crack at.



Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 2 units Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $89.80
Long 1 unit Ultrashort Financials ticker SKF @ $102.60 stop @ $102.60
Long 1 unit Ultrashort S&P500 ticker SDS @ $66.15 stop @ $66.15
Long 2 units Ultrashort Real Estate ticker SRS @ $55.23 stops @ $54.75/$55.670
Short 1 unit Darden ticker DRI @ $27.70 stop @ $28.70
Short 3 units Apollo Group ticker APOL @ $85.36 stop @ $88.61

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