{"id":1256,"date":"2009-06-29T17:01:04","date_gmt":"2009-06-29T22:01:04","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=1256"},"modified":"2009-06-29T17:01:04","modified_gmt":"2009-06-29T22:01:04","slug":"security-in-mfe","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/security-in-mfe","title":{"rendered":"Security in MFE"},"content":{"rendered":"

MFE made an all-time high today. \u00a0GMan was long seemingly all day. \u00a0And we were deciding whether to add some above 42 and then hold. \u00a0Let’s discuss.<\/p>\n

We did buy more since the stock was so strong. \u00a0This was an easy decision<\/a>. \u00a0And then we had to decide whether to sell when it slowed above 42. \u00a0We held.<\/p>\n

1) MFE moved easily above 42. \u00a0There was no selling every penny that we see with a weaker stock.<\/p>\n

2) MFE is at an all-time high so we give these stocks more room.<\/p>\n

3) MFE was in an intraday uptrend so we are more likely to hold such stocks.<\/p>\n

4) SPY broke below 92.60, a support level in the afternoon, but it was hanging in there.<\/p>\n

5) MFE had been consolidating near this level since 12PM so this gave us more confidence to hold.<\/p>\n

So as I write we are still long. \u00a0We will add some more tomorrow if MFE shows strength above 42.10 and then 42.50. \u00a0A seller below 41.85 will force us to reevaluate our position.<\/p>\n

Don’t forget to follow us on Twitter!<\/a><\/p>\n

\"MFE<\/p>\n

\"MFE<\/p>\n","protected":false},"excerpt":{"rendered":"

MFE made an all-time high today. \u00a0GMan was long seemingly all day. \u00a0And we were deciding whether to add some above 42 and then hold. \u00a0Let’s discuss. We did buy more since the stock was so strong. \u00a0This was an easy decision. \u00a0And then we had to decide whether to sell when it slowed above 42. \u00a0We held. 1) MFE … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[4676,30,18,301],"class_list":["post-1256","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-prop-trading","tag-smb-capital","tag-trading-blog","no-post-thumbnail"],"yoast_head":"\nSecurity in MFE | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/security-in-mfe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Security in MFE | SMB Training\" \/>\n<meta property=\"og:description\" content=\"MFE made an all-time high today. \u00a0GMan was long seemingly all day. \u00a0And we were deciding whether to add some above 42 and then hold. \u00a0Let’s discuss. 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