NZ frenzy starts
We recommended NZ- Netezza Corporation at $12.5. Our stop was at $11.47. Those were a few nervous moments this morning when it looked like it would take out our stop….but Holy Lord we just moved our stop a touch lower and it never came near that…
We said NZ trades in a channel and asked you to get LONG anywhere below 12.5. Congrats to all those who acted to our yet another money making suggestion….This one is going to $15…though our sell order 50% of position awaits at 14.75 and the other half – yet to be decided. We just hit a temporary bottom here. Watch out may be for another day in red but after that the train should go straight up to the next station at $15.
If you want to stick to our basic 10% profit taking principle then sell 40% at 10% and let the remaining run higher.
This thing trades on a bit low volume so take care while you put your stops….give it some width to trade without taking out your stop.
Good Luck Congrats,