Tuesday, April 21, 2009

C breeze

Thought I'd stay out until near the close, but I'm back in at 3.23.

C leveled off in the 3.20 range, where I sold it (smart move to avoid downside risk), then showed a decent head-and-shoulders on the chart, decent move on MACD. I do want this in my portfolio as long as the financial environment is leaning positive. But I also have a trailing stop-loss sell (2 percent) at 3.18 just in case.

If C can move to 3.28 or 3.33, I might take the nickel or dime profit.

He who fight and run away
Live to fight another day

- Bob Nesta Marley

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