Thursday, July 21, 2011

Trade Update: WFC

We sold short 50 shares of Wells Fargo at $28.17. Today we were stopped out at $29.21 for a $.52 loss. If Wells Fargo can stay above $29 we may look to go long in the very near future. Look at the chart to see if you can see why I chose $29as the line in the sand.

Sell 50 shares WFC at $28.17
Buy stop 50 shares WFC at $29.21

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