AXL Update

Published: Fri, 05/08/09

Congratulations on AXL holders.  You have over a 150 % return if you got in on the swing trade alert on May 1st.  At this point, the ball is in your court.  I took 3,000 shares off the table here, but continue to hold the majority and will look to scale out around 3+.  But again I need to stress the importance of Locking in these type of profits, you will not become a successful trader until you find the dicispline to take the profits off the table, into strength.  
 
Healthcare continues to be in focus, and continued to concentrate on ABT, PFE, JNJ, MRK.
 
Markets pulled back aggressively off the morning high, relative strength showing in EBAY, AXL, CME, BA, YHOO.  
 
I have a dentist appointment at 3:15.  And will have to leave then.