CCE (09-19-2006)...

Entered a 1/2 position trade in CCE after it held up nicely this morning. Stock has odd price action, but is looking good this afternoon. Also will be a little less volatile with the FOMC tomorrow, hopefully. Trade looks good.

Details:

Additionally, I finally closed the SHFL trade from last week as it was below my theshold at the afternoon trading windows. This was a trade to learn much from. It was up and down and down and up, talk about volatility. My most important considertation is how to deal with the trading windows. When I sold the first 1/2 position it was at the low of the day. In an ideal setting, where I am not limited by trading windows, I would have taken profits at or near my Target 1. So, I am not overly upset about getting out late.
Then there are the trailing stops/targets. As I cannot pay attention to these all day, I would likely introduce watch windows, maybe on the hour where I would evaluate the price in light of the targets and take the appropriate action. It may cause me to leave stocks early, but may also get me out before something bad occurs.
In the end, many lessons learned and it is worth repeating, I am working on a methodology here, not making huge $ on each trade. That will come later...

Oh yeah, the SHFL data: Sold 5.89623 shrs @ $26.25

SHFL: +$6.89 or +2.30% net

For now,
Masterjaz out