Thursday, December 14, 2006

Taking profits, big and small II...

Nice morning rally in the markets today, surprising given the pop in oil, but I'll take it. Both MGI and CCL hit my first targets and I sold half of each position. Time will tell if this rally continues. Both stocks traded down after hitting my target, but given the recent market action (toppy and sideways) I am more than happy to lock in some profits before the end of the year.

Sold 4.81386 shares of MGI at $31.922
Sold 2.10349 shares of CCL at $48.092

I'll update my net results after I close these positions. I am expecting the 1% trailing stop to be hit sooner than later as this market could roll-over any given minute.

For now,
Masterjaz out

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