Monday, July 31, 2006

Collective2: AGO and VLY out

A pre-earnings sell off in AGO knocked out the stop for a small -$144 loss on a 400 share lot. If there is a whisper number for this week's earnings it likely isn't good.

The second sell came in VLY. Gap moves in this stock are not unusual (both up and down), but the loss of support with a 'sell' trigger in stochastics is reason enough to step aside and bank the small profit of +$404 on a 400 share lot.

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