Monday, August 14, 2006

Too Much Trading...

Again, I am trading too much, but I decided to close a few trades and slow down. ROST sat near my stop loss of $23.00 all morning. I took 1/2 the position off the table in the morning, got a good price, and closed the position in the afternoon. I also took partial profits in HET after it gapped up nicely this morning. Gaps on both the upside and downside scare me a little. The stock could go either way. Taking profits here is a good move, and given my lack of success this month, locking in some cash is also nice.

Trade details: ROST (AM), sell 5.74631 shrs @ $32.06; (PM) sell 5.74631 shrs @ $22.938
HET (PM), sell 1.24637 shrs @ $61.383

ROST: -$3.86 or -1.44%

For now,
Masterjaz out

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