NEM – Newmont Mining (Last:44.94)

A casual glance at Newmont’s chart will tell you the stock is headed lower, although it could conceivably surprise by reversing from the 45.26 midpoint shown.  Lest we get caught napping if the stocks turns when “no one” expects it, let’s bid 45.28, stop 45.21, for 200 shares.  Please note that any slippage beneath the stop would augur more of the same over the near term, down to as low as 42.72. ________ UPDATE (10:57 a.m. EST): No surprise this time. The stock opened on a gap well below 45.26, presumably bound for 42.72, and so we did nothing. (Although, using some direct access platforms,  it’s possible that a buy order and sell-stop would have been executed simultaneously at 44.90, the opening price).