POSITION UPDATE: MDXG

We sent an update earlier today as MDXG was toying with our stop area. We decided to use some discretion and let the day play out (provided we did not see an acceleration to the downside). The stock firmed up a bit in afternoon trading and closed only .13 below our “mental” stop. In a pre-release of their quarterly sales numbers after the close, they announced sales for the quarter were above the top end of expectations. It remains to be seen how the stock will trade on this news going forward but it is quoted up after hours a little over 5%, as of this writing. I sense some further articles on discretion vs. hard stops may be in the offing here at TTPtrading.

-CJ

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