Thursday, August 16, 2007

Collective2: CSCO out

After Tuesday's sell off I tightened stops on the two remaining positions. One of those stops was hit today. Cisco (CSCO) was exited for a +$300 (+3.46%) profit on a 300 share position. The breakout gap may yet hold as support, but my concern was triggered by the relative ease at which $31 support was lost.