FRK...

Good morning thanks to the July jobs report, markets up nicely and SPLS just exploded. I took partial profits since the first target was met. Now, the trade enters a trailing stop methodology where I follow the price with incremental 1% stops. For example, the SPLS trade this morning occurred at $23.23. Therefore, my stop starts at $23.00 (or 1% below the sell price). If the stock rises by 1% to $23.46 then I'll move the stop to $23.23 and so on. I just created a quick Excel spreadsheet to do all the thinking for me.

I also entered a partial position in FRK. I may be chasing the stock here a bit and expecting too large a move. Yet, if the FED cooperates on Tuesday, the first target may easily be met.

My notes:

SPLS trade data: Sell 6.14245 shrs @ $23.23 (as always, I'll give full details once the trade is closed)

On a personal note, I may not be able to keep posting in near real-time. It is slightly interferring with my work, so I may not post my trades until the evening. That's life...

For now,
Masterjaz out