Ok for those of you wanting to know the bottom or a good risk/reward entry, today 10-10-08 may be the day. This may not be the ultimate bottom, but for LUX and all the funds in the 401k today's prices could have less than 10% risk with chance of about 25% or more in gains. I could be wrong, so you have to decide your own risks individually. Best wishes, Burt
Ok my new price target for LUX is 12.26 and as before that may not be the low, but a good risk vs reward entry. This time though I think instead of being a short term entry/exit it will be a good medium term entry. Heck from the 10-10-08 low to the 10-14-08 high that was a 27.6% move in just 3 days. And from the close on 10-10 to the close on 10-13 that was a nice 1 day gain of 14.6%. But you gotta know when to get in and out. On the 28th LUX will report 3rd quarter earnings so be ready to make your own risk/reward entry.
Ok people May 4 2009 could be an exhaustion gap up. It sure has been one heck of a ride since Oct.24 2008. My price target of 12.26 was a good risk/reward entry for a medium term trade, just as I thought it would be.