I noticed that CKFR was trading up in pre-market on an upgrade from Sun Trust (refer to pre-market post) and placed a buy stop order above the pre-market high. As usual, I booked a profit on 50% of the position at the 10:00 reversal time and was stopped out on the balance after an additional $0.90 gain. The retracement setup did not take off as planned so I set my stop at breakeven for a scratch.
Tuesday, April 04, 2006
Trade of the Day - CKFR
I noticed that CKFR was trading up in pre-market on an upgrade from Sun Trust (refer to pre-market post) and placed a buy stop order above the pre-market high. As usual, I booked a profit on 50% of the position at the 10:00 reversal time and was stopped out on the balance after an additional $0.90 gain. The retracement setup did not take off as planned so I set my stop at breakeven for a scratch.
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