yeah i cant see this going above 13c for a while, the problem is that 4 pips is 20% profit, the ST trader will be taking alot of profits around 12.5c - 13c
I have a large portion that i am going to keep for when it does finally push through (i think this will happen when the debt update happens)
But i am also going to start to try and buy then sell, at 10.5 - 12.5 for some short term profits
The issue on a day like today is that alot of people who have profits of around that 20% will look to sell, so they can put that money elsewhere in the market. This is why i think MDT seems to do well in poor red days, and not as good in strong green day markets
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yeah i cant see this going above 13c for a while, the problem is...
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