Thursday, January 10, 2008

These Things Happen

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).

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