Tuesday, May 26, 2009

Today's Trades: SKF and SRS

I used today's strength to enter two bearish focus list stocks today, SKF (financials) and SRS (real estate). Both are inverse shorts. Note that strong volume pattern during the price consolidation range.

There is still room to pullback, so I used small position size.

300 shares SKF at $44.11

400 shares SRS at average price of $20.91.

Stops are place below recent lows.

1 comment:

Tushar said...

I am looking to make a decision on subscribing to your monthly service. Do you send intra day alerts to members upon entering/exiting positions?
Thanks