Friday, March 23, 2007

Collective2: IRS out

Another tick error has resulted in a beneficial trade. It may still turn out to be a profitable trade - but the fill at "$16.40" probably should have been "$18.40". If this makes it to $19.51 it will confirm the +$1,135 profit on a 500 share lot. The stop goes at $18.03. The stock closed at $18.75 for a +4.75% gain.

I have reduced the cash exposure from it's prior 100% to about 55% in light of the short term bullish conditions as confirmed by the week's "W"-bottom.