SLF update

slf sept3 2010

When we first commented on SLF it was trading at $24 and the , highly predictive and accurate “diagonal” clearly called for a buy.(same but different story on MFC)  A $5 dollar initial rebound was suggested as a minimum, however if the diagonal is correct , as I believe it is, we should continue to $31. The question therefore is do you step aside for the intermission or just wait till it gets to $31. Entirely up to how quick you can change gears, but I would be inclined to stay with this one.

Ultimately you will want out as the big picture is still negative for the stock market overall.