Thursday, July 31, 2008

Trade Update: JRCC

I took a small short position today in JRCC. The stock has been in a strong topping downtrend and has pulled back up to the 50 day MA. Stochastics are near overbought levels and volume has been average on the pullback. This is a low risk entry with stop placed just above the 50 day MA.

1 comment:

FeirFactor said...

Nice one. Down $7, 16%, in the 2 days since you put this up.