Copper in Asia bouncing, Nikkei and Hang Seng both up and that along with no trade in the USA tonight to drag Canada or OZ down we may have a good day Friday. So tomorrow we should see the bounce I referred to in this morning post as we have now had 4 straight days down – so I bought EQN in my trading account on the close at the highest price of the day. This will be sold Friday.
My view on the stock has not changed - now is not the time to own EQN - In my opinion its going lower. But the possible bounce is too good to miss and no DOW to pull us down is a good outlook.
If it doesn’t work out then I sell tomorrow at a loss. Just don’t seem to be able to stay out of this stock!
I have been wrong many times before – and this could be another - so we will see
DYOR
this one is and has been a no brainer , page-17
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