Thursday, May 7, 2009

Sell Stop:(LFT)

Unfortunately, I'm making this post from the future.

I try to make all my trade posts the same day the trade occurs, but life doesn't always allow that.

Yesterday I added to my (LFT) position as it pulled back, and today I stopped out for a 5% loss on my cost basis for the entire position. Fine looking stock but came back on heavy volume and I'm fine being out of it.

In fact, the market is looking ripe for a correction and I'm content being all cash right now. I'm not seeing any good buying opportunities on my watchlist so I'll wait for one to come along and keep an eye on the overall market action for now.

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