Tuesday, June 26, 2007

Utilities



I didn't cover any utilities yet because I'd like to see them come down a bit more before I take some profits. I did lower my stop today above last Thursday's high which you can see in the above chart.

My reason for shorting these stocks was because they were the weakest stocks in the market and they remained weak two weeks ago when the market rallied. If you read my post from June 18th, you'll understand why I shorted them.

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