I'm long in EMC at 12.08 and I was preparing to dump it today to avoid getting stopped out because it looked as if the lower job growth would be a catalyst for the market to finally take a break and an hour into trading the tech stocks seem to be moving up. I don't understand. EMC Entered 12.08 Stop 11.97 Target 13.00
I didn't sell, I decided to follow my original plan and wait to be stopped out or to reach my target. EMC made a pullback of about 35 cents last time SPX made a pullback. That shouldn't stop me out as long as it's not much more than that.