PPR - Comments on MNST
MNST's early action as it appeared to be working on a possible pocket pivot point has dissipated, and this may be telling you something about the general market action here. Everyone is suddenly quite bullish, yet the market is certainly in a position to pullback here, so keep a close eye on your stops and adhere to them. Also, don't allow positions to become too top heavy - if you add to stock on strong action and the market starts to wobble, you may establish a rule whereby any stock purchased on a day like today that is underwater from its purchase price should simply be sold.
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