CHX – Cash Minerals – Time to Take Profits

by JDH on November 25, 2006

Recommendation: Sell half now.

Tough call on Cash Minerals.

Uptrend since July, but it appears to have been broken.

Downtrend since peak in September.

A stock can’t be up and down at the same time, so somethings got to give.

On the negative side, the downtrend is intact, and the uptrend appears to be broken.

On the positive side, volume during this recent drop has been low, so there has been no panic selling. Also, the MACD has returned to reasonable levels.

Whenever I can’t decide, I go halfway, so I’m going to sell half of my position to see how this situation resolves itself.

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