Wednesday, March 04, 2009

Trade: Partial Profits in MOS

I took partial profits in MOS today, selling half my shares at $43.10 (+10.2%). As noted in a Trade Alert sent to my subscribers, my entry was at $39.10. I have moved my stop up and will let the rest "ride". This is now a "free trade". I've locked in my profit with the possibility of more.

My reason for entry was quite simple. The market is oversold and the ag sector has shown strong relative strength in relation to the market.

I also took full profits in SIGM. I'll have more details on this trade later.

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