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Thursday, October 2, 2008

Trade Idea for 10/03/08

As the charts indicated yesterday, we had a resumption of downtrend today, and in a pretty big way. It took gold down with it, and we were finally stopped out of SLW on an official basis. The trend is clearly to the downside, and who's to say when it will end? We bought SCC today and got to participate in the trend.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Additional Exit Guideline Chart
SIGA 4.01 3.39 -15.5% 3.19 SELL! Chart
AIG 3.57 4.00 +10.8% 2.99 Consider selling on a close < 3.75 Chart
SCC 104.53 108.68 +4.0% 100.72 None Chart


Curiously enough, the only long signals I have are in the financial sector. Go figure.

Trade Ideas for 10/03/08
Ticker Entry Exit A Exit C Chart
MI (Marshall & Illsey) 23.76 21.61 19.79 Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.

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