Updating the day, markets opened higher due to several large deals. All indicators pointed to a lower open as I said in my last post, but the market reacted with heavy buying on CBY and CFL.

Investors.com - Major Indexes Open Higher: "Industrial conglomerate Tyco International (TYC) on Monday announced plans to spend $1.9 billion to buy Broadview Security, which operates for Brink's Home Security Holdings (CFL)"

My guess is that the markets will return to their downward trend after the buying frenzy is over related to the above mentioned buy-outs.

The strategy I laid out for C did not play out because the markets did not open lower.

We have not hit our buy stops on RDN or SOLF as of yet. SOLF is to release 2009 yearly financial data on March 5, and if seculation on that news is positive, the reaction will trigger our buy stop.


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