Friday, March 03, 2006

In Play - PAYX

PAYX Long - Reversal off of the consolidation low over the past few days.

Watching BIDU as it consolidates off of its wide rage opening bar on a break of yesterday afternoon's consolidation high.

Update 1:58 - 50% PAYX profits booked, chart after the close. I think we are hitting resistance here. Tighten the stop.

Update 2:35 - stopped out of the balance of the PAYX position at $40.85

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