Thursday, September 07, 2006

Collective2: VMI out

Second day of selling, on heavier volume to the previous day, brought prices back to August congestion. Short term stochastics gave a 'sell' trigger, confirming resistance at $58. I may have been too hasty to raise the stop (yesterday), but the trade closes for a profit of +$676 on a 200 share lot. Five positions remain in the portfolio.