Friday, November 17, 2006

Collective2: GG out

It has been a while since a position was exited from the portfolio. This one followed across the board weakness in precious metal stocks. In this case, Goldcorp (GG) turned back from the 200-day MA with an associated 'sell' trigger in short term slow stochastics [14,3]. The 500 share lot closed for a +$1,680 profit. Two positions remain with no intention of adding more at this stage of the proceedings.