Beldown

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I’m having quite a good morning so far. There are a few positions in particular that are falling nicely, but one I wanted to highlight was Belden (BDC), which at long last is getting its act together.

It has been recovering somewhat from its lows this morning, but I’ve simply tightened up the stop to 51 and intend to hang on. The long-term chart indicates to me that it has plenty lower to go from here.