Tuesday, October 03, 2006

Today's Trades (AMLN and AAPL) and Chart (STP)

I covered the remaining 300 shares of AMLN at $42.20 for a $495 gain (+3.7%). The total gain for the trade was $825.

I covered the all 300 shares of the AAPL short at $73.75 for a $540 gain (+2.4%). AAPL is close to strong support at $72.50, so I may consider buying at that level.

Chart: STP (Suntech Power Holdings Co):
Here's as a nice a short setup as they come, a bearish engulfing pattern into resistance with stochastics crossing over in overbought territory.

No comments: