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E-Commerce China Dangdang Inc. Message Board

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  • ajalvarez100 ajalvarez100 Jan 20, 2012 11:52 AM Flag

    Is time to Take Profit Yet?

    To be cautious, old and out a stop limit at $7. The two minor pullbacks the stock has had over the past couple weeks led to about a 25 cent drop. Assuming we close over $7.50, that would lead to a pullback to $7.25 or near $7 at the low. However, a drop below $7 now would signal a serious correction and possibly the end of the rally.

 
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