ITD : 10% profit on the trade so far, and more to come.
April 6, 2011 Leave a comment
ON March 30th we said of ITD “with an election coming up and fewer and fewer laggards for the clever money to ramp up, ITD had a massive day Wednesday and should hit 4.10-4.15 very soon indeed. Treat any weakness Thursday or Friday back to 3.88-3.90 or so as a time to buy, with 4.12-4.14 the first target, then 4.20 and 4.34 Given a period of 4-6 weeks or so ITD has a decent chance to rally to at least 4.7-4.8 if not 5 or a tad above.
The stock closed at 4.28 after a recent high at 4.38, and for those who bought when we did, the trade is looking good as we see the 4.7-4.8 target as valid, with 5 entirly possible.
For the VST look to buy nearer 410-4.12.