STOP LOSS: ouchhhh MTW falls off the earth!

MTW was a bad call...timing was poor with bad CAT poo on the highway and overall market negativity.



sorry team.


SELL for now....we still like, but we are holding CAT, we don't need both right now....we did like the MARINE side of MANITOWOC, but ohh well, hit the sell.

DOWN HUGE again in AM, buyers say BUY THE DIP!

We logged in this morning, and watched the DOW drop 150+ pts.....then the buyers came in and pushed the market back to even. We picked up some more NYX at 82 bringing our Dipfolio average to 85ish for NYX.

On a bad note...STZ fell off the map. You would think with all the BIG DIPS folks would head for the bottle, but this drunk stock just got a DUI........down 13%+ today....and hit our 10% stop loss for the DIPfolio. we got dipped.

This week has hurt much of our portfolio gains, we are still up overall because of our motto to always take gains at 5% and 10% (with early wins in CSCO, A, BFLY, HAL, ISE, ADBE) but hanging tough (with recent stop losses in STZ, FMD) (and note that NYX, AGMN, SBUX and TWX are down overall)....

On a better note...

AAPL hangs tough!

87.798
+3.188 (+3.77%)

ISE goes $50.50 +2.82 (+5.91%)

WINNERS & AHEAD OF THE UPGRADE:
WE love ISE! Wachovia upgrades International Securities Exchange to outperform, as it believes market-share gains from the penny pilot program will make up for lackluster volumes.

20.95% DIP FOLIO total gains!




WINNERS: HAL crosses our 10% gain level!!!
HAL $ 32.04 +0.53 (1.68%) take some more profit$.



and....STOP LOSS update:

FMD 46.25 0.66 1.45% -----FMD - SELL if you didnt yet. over 46! stop loss! http://www.buyonthedip.com/2007/02/fmd-is-tough-one-add-we-want-out.html

FMD is a tough one, and we want out!

FMD dipped, and dipped, and dipped....will it stop?....we wont wait to find out.
45.59-0.60 (-1.30%)...

We want to hang on but with our first all out dud, we are selling our position...luckily we recommended on SATURDAY http://www.buyonthedip.com/2007/02/new-buy-first-marblehead-corporation.html , ...Monday was a holiday...and TUES we watched FMD open and go straight down... we did pull the trigger under 47 http://www.buyonthedip.com/2007/02/first-marblehead-corp-quick-dip-under.html and arent too bad off...down just -2.92%.....but we want out!!!
We live in the 5 to 10% gain range and cant afford to take a big loss. We do see upside for this company, but with "lenders" like New Century (NEW) going down 40%+ we cant take that risk. sell @ 3% loss. (for the riskier folks, wait for the first sign of an uptrend and dump it above 46)