Tuesday, October 24, 2006

Pre-open 10-24-2006...

A couple of things. I closed my KRC trade yesterday. The stock did not signal a sell due to reaching a stop loss, but it did have a 0.5% intraday gain and I cashed out. I bought the stock over 10 days ago and it was going nowhere. My goal is not to ride stocks for days and days, rather just catch a ride and get out.

Sold 1.025 shrs @ $75.493 for net of KRC: +$4.53 or +3.02%

As for a watch list, I found six charts I like (although my script download a whopping 325!!!). Obviously, the market and most stocks are short-term overbought, so finding only .5% good looking charts is not surprising.

Watch List: CBSS, EWBC, IART, DBD, AMAT, and YHOO. A couple of these stocks could use a basing day to reassure the appropriate indicators, but given the fact that the market looks to be lower, I will be surprised if I actually make a move.

For now,
Masterjaz out

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