Wednesday, July 29, 2009

Trade 34 - MIG ; been paying your tolls lately?

Picked up 1460 MIG @ 1.44

MIG is looking very solid, after breaking out of 1.50, it has retraced back to 1.44 - and this looks like a perfect time to ride this stock.

MIG has recently had some buyback of shares, and the downside to this stock is 1.35.
The upside is 1.8 in the short term so 36c/9c ratio.

This is a combination on my bullishness within the transportation sector, as QAN and other stocks have already started to lift, I'm hoping the infrastructure stocks will follow.