For the most part, my defensive action in the face of yesterday's rally was the right move (everything covered trades higher this morning). The exception? BKS. Must say I was not pleased to see it open down 9%, having covered it. After the big gap lower it traded back up and tested support from below ($32)- which is where I re-entered the trade. That's working nicely but I still missed the bulk of the move (2 pts. on 400 sh.= $800 left on the table).
Thursday, January 10, 2008
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