BRCM was the only stock I traded today. Unfortunately, I had to change the strategy along the way because the SOX was not ready to reverse course today. I started and ended long, but the middle and quickest return was on the short side of this trade. I took a slightly different strategy into the close and decided to swing a portion of this into tomorrow. Ideally, I'm hoping for a gap up on the open and a break of resistance at $37.00 in the very early going.
Monday, May 15, 2006
Trade of the Day - BRCM
BRCM was the only stock I traded today. Unfortunately, I had to change the strategy along the way because the SOX was not ready to reverse course today. I started and ended long, but the middle and quickest return was on the short side of this trade. I took a slightly different strategy into the close and decided to swing a portion of this into tomorrow. Ideally, I'm hoping for a gap up on the open and a break of resistance at $37.00 in the very early going.
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