No way,the last pivot high was on 8-31-11 at 58.48 with an average range of 7.2% and $3.98. The suggested accumulation prices are buy point #1 $47.80 and buy point #2 is 41.40. Goodluck if you buy at your price.
Just saying to buy a position at a certain price is not nearly enough information to act on.
I need answer to these questions before I can consider a purchase.:
1. why buy MCP at 55.5. What is the driving force in that decision?
2. do I add to the position or close the position if it goes higher?
3. do I add to the position or close the position if it goes lower?
4. when do I close the position?
5. do I buy the position regardless of what the rest of the market is doing (intraday)?
