Wednesday, October 17, 2007

Collective2: LWAY out

Lifeway Foods (LWAY) was the best play of the summer for the portfolio, but unfortunately the stock undercut what I considered to be support, and the position was stopped out for a reduced profit (an alternative support would be the lows of the big white candlestick i.e. a loss of $17). The 700 share position finished with a +$3,052 (+33.5%) profit. The gains were enough to give a net positive return for August (+2.5% per trade)