[Entering Position In Qwest (Q)]
Dear Member:
Qwest (Q) has been rolling in the $7.60 to $8.60 range for quite a while. It has again bounced up off the support in the $7.60 range. I like the stock at a limit of $7.70 or better. If it falls below $7.40, I believe that would be a reason to exit so absent anything really unusual, I would have about 30 cents a share risk in this one.
DISCLOSURE: At the time of publication, I have no position in Q.
Sincerely,
Bill Kraft
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