Monday, July 9, 2007

AMX - UPDATE

I'm raising the stop loss for AMX to $63.90.

That will be essentially a "no loss" exit if AMX falls. The reason I decided to tighten up on the stop loss is a news article that just came across the wire that the Mexican Government wants to crack down on big companies that have a monopoly on the businesses they are involved in. And AMX is the leader in the telecom sector for Mexico.

May be nothing at all for AMX. But protection of ones capital is critical.

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