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Wednesday, October 13, 2010

A stop can be so nice

Bought the INTC when it rebounded a little from the sharp decline in the opening. It did not want to come back and when it broke below the previous bottoms at $19.60 the position was dead. Sometimes when you sell your stocks with a loss they quickly come back and your loss seems to be wasted money. Today's Intel stop shows why it is not. Result -0.86%.



The only thing I regret about the Pfizer trade is that I did not hold it a bit longer as it broke up through the triple top at $17.75 which was a sign of strength, but it is not often you find the exact top. Result +0.77%.

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Disclaimer

The investment ideas described above are only for the purpose of logging my own trades and trading ideas and are not to be taken as investment advice.