Thursday, January 18, 2007

Trade Update: Sold 500 shares of AAPL @ 91.50

Here is the reason why I bought this stock.

The gap down this morning after the earning announcement forced this stock into the no man's land territory where wolves, bears, ...and day traders hangout.

Trade Details:

Bought 1000 shares @ $86.75 on 1/09/2007
Sold 500 shares @ $97.00 on 1/16/2007 for a gain of $5125. A 11.8% return.
Sold 500 shares @ $91.50 on 1/18/2007 for a gain of $2378. A 5.4% return.


keller said...

After following your trades the past couple of days, i have decided you are my new trading hero. Great trades!

mc said...

Thanks Keller!!! But I really don't deserve the title HERO...i'm just your average trader next door.

I'm just like any other trader. It took me years to get to where I am now as a trader and still, I make mistakes.

Trade well!!!