Friday, July 25, 2008

Partial Profits in Commodity Stocks

Yesterday I mentioned that I entered three commodity related stocks as bounce setups. I've taken partial profits in X and ACI. I am still holding USO.

To update you on the SKF trade, I have taken partial profits on 3/4 of the position, and am letting the last 100 shares "ride".

Members of the Trade Report had access to my thoughts on this "rubber band" setup the night before I ended up making the trades.

No comments: