Wednesday, September 20, 2006

Collective2: FISV out

The series of dojis was too much for the breakout to hold support intraday. Although the stock was able to close above its stop (and support) level, it could not prevent the position exit during the intraday swing. The 200 share position closed for a -$274 loss. Depending on what the Fed does tomorrow will dictate what I will do to bring the equity exposure back to 60% (from the current 40% based on a $100K allotment).