Wednesday, January 24, 2007

Day Trade: Long FMCN 30-min chart

Entry @ $78.05 / 700 *** late posting***

BLOGGER seems to be having frequent downtime these days





Entry : $78.05




Size : 700




Exit : $83.79




Stop Loss : $77.55




Risk : 0.5




P/L : $4,018.00




R : 11.48

I have been following this stock for quite some time now. My latest attempt to day trade this stock as it bounced from support was not successful. But my patience finally paid today. My entry was on the 7th cstick on the break of the high of the previous cstick. Sold 700 shares before the close.

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