Tuesday, September 19, 2006

How to use my newsletter?

After scanning the market, I came across AAPL on Sep 1st, 2006. So I pointed out that the buy signal is $69.

It successfully broke out the next day, I listed $68.9 as the stop price.

As AAPL consolidated the gains, I raised the stop to $70 from $68.9

I raised the stop to $73.2.

Due to Yahoo's weak conference call and Thailand's political issue, the market sold off quickly and AAPL position got stopped out at $73.2, for a total $4.2 or 6% profit in 11 days.

No comments: