Tuesday, September 9, 2008

Alert: SKF

SKF bounced hard off of support and 95 and is now trading at 112. The word is that Lehman Brothers is about to be sold, and it is trading in the single digits. SKF, is as artificially held down as the banking and index is artificially held up. This is an election year, a long-term buy and hold on the SKF could yield big. When they finally have to give up the financials. So we will open a one quarter position.

By 25 shares SKF at $112.50
Stop at $94.90.

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