Thursday, January 18, 2007

Trade Update: Sold 500 shares MA @ $108.20

Here is the reason why I bought this stock.

I had to close the position today when the breakout failed to accelerate and the price returned below the yellow trend line.

Trade Details:

Bought 1000 shares @ $102.50 on 1/09/2007
Sold 500 shares @ 107.15 on 1/16/2007 for a gain of $2325. A 4.5% return.
Sold 500 shares @ 108.20 on 1/18/2007 for a gain of $2850. A 5.5% return.

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