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Daisy, Southern Copper in 2006 went from a low of $69.36 and closed as high as $105.85 on May 10, the year 2006. The stock traded down $3.03 on Wednesday to seal at $80.72, I'd enjoy seeing if it breaks $78 on access, however because approach this systematically it could freefall into the low $70 range before it bounces back. Their mining and smelting activities are primarily in Peru and Mexico, so as you watch this trade you will want to consider Peru Copper (AMEX: CUP).
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It all comes right down to having an investing plan, published by you without having to someone else that defines precisely what to do in these situations. A trading plan makes all the actions mechanical and not emotional. Occur then you do that. Period. My current trading plan dictates that any time I sell a covered call, if your call premium erodes by 50% or better, I sell and take the earnings. When the stock rebounds, I may sell create strike again and do it again.
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Now some stocks under ten bucks that received the royal smack upon Wednesday include International coal Group (NYSE: ICO) which traded down $1.40 to shut at $7.10 on heavy volume, Polyone Corp (NYSE: POL) traded down 54 cents to shut at $9.09, Movie Gallery (NASDAQ: MOVI) the stock that raised on rumors traded down 49 cents to close at $7.01 on over 5.3 million shares traded, Input/Output Inc (NYSE: IO) traded down 46 cents to close at $8.74 on heavy volume and Grey Wolf (AMEX: GW) which traded down 40 cents to seal at $7.28 on over 3 million shares bought and sold.
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The opening of the Mirage in 1989 kicked off a huge building renaissance in Vegas. In 2001 the Palms opened, accompanied by the prestigious Palazzo in 2008. It appears that old casinos are imploded constantly become worse way for brand spanking new resorts the boast the most effective amenities. The strip is constantly changing, indicates you it never gets young!
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