Wednesday, July 27, 2011

Trade Update: GS

We entered goldman Sachs at $133.70 and moved our stop up to $136.50 where we were stopped out at today for a $70 gain. This was admittedly a late trade and accordingly we only put on 1/4 of a position or 25 shares in our case.

You can see the gap down at the open and where we were stopped out. Right now we are out of the market awaiting a pullback in the Golden Ganster.

Buy 1/4 GS @ $133.70.
Stop at $127.50.

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