Tuesday, September 16, 2008

Alert:SKF

The SKF, gap, up to one $143 per share at the open. We had no chance to catch it, that hurts! It was probably the specialist spinning the dial for an insider. But whatever the case we could not sell our position. I hope someone was able to get out at the top though. But for now we'll were still in a quarter position or 25 shares of SKF from $112.50. So let's move the stop to $130. You can see in the 15 minute chart why I picked $130. But in case you don't know the drill we never pick rounded numbers. Today's low was $128.08. So will set the stop at 128.05 five dollars.

Sell 25 shares SKF at 128.05,
Order type stop market

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