Wednesday, August 3, 2011

LiveTrade: IBM

IBM is just off it's 52 high. I thought the run up was hot air and insider buying, now it appears that the buying time is done. You can see it at the top of the trend line in the intra day chart in the 15 minute time period. Lets short 25 shares of IBM here at $177.56 with a two dollar stop.

Sell short 25 IBM at $177.73
Buy to cover at $179.73

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