Wednesday, October 11, 2006

Collective2: ARRY and CMRG out

Two of the remaining five picks were exited on stop hits. Array Biopharma (ARRY) failed to push a break of $9, drifting back into its prior consolidation. Didn't want to let this drift further so had set a tight stop. The 1,200 share lot closed for a -$96 loss.

Casual Male Retail Group (CMRG) has been consolidating for the last 8-days and could find support at the 20-day MA. The intraday dip below what had been support during this consolidation was enough to trigger the set stop. The 1,000 share lot closed for a +$1,770 gain.

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