ACQ update

ACQ feb 11 2015

Tomorrow, on the open, this stock will probably sell at $46+. That is not bad since you could have bought it 10 days ago at $33, a gain of about 40%. Should you sell? If this makes you nervous and you do not work with stops, perhaps. At that level you will have done the bare minimum of an a-b-c bounce. If you are slightly more entrepreneurial , or greedy, you may want to stay around and see if this stock cannot reach the 38% retracement at around $54. Depending on the structure (5 up for a) you definitely want to get out there, and, perhaps, get back in at around $42, give or take.