Tuesday, February 13, 2007

Sell, sell, sell... (and a watch list)

MMM was on fire today thanks to an announced share buyback and an upgrade. I'll take it. Although I had to sell the entire position as it burned past numerous 1% targets then retraced to a sell. My new method is a little tricky, but I think it makes objectivity a snap and I'll profit in the end. The sells--
AM, sold 2.01298 shares @ $76.076
PM, sold 2.01298 shares @ $76.508

MMM net: +$7.15 or +2.38%

The benefit of this method is that I've made almost half my monthly goal (5%) in one trade. I like this method.

Watch list for tomorrow: WLM, WTS, BZH, KMX, SYY, and DW

For now,
Masterjaz out

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