Monday, June 28, 2010

Now 200% long!

I decided to play the bounce I was anticipating in AAPL with SNDK shares instead of AAPL shares. So this morning I bought 260 shares of SNDK @ an average price of $46.525. My stop is at $45.00 and my target is $51.00 a few cents above the 52-week high price. Although I expect the markets to bounce over the next few days my expectations for this move is very low. I do not even think that the markets will break past the previous pivot high set a couple weeks back. So it goes with out saying that I will be very quick to exit this trade.

Good luck and good trading!

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