Thursday, June 08, 2006

Swing Trade - QQQQ, AAPL


Regular readers of this blog know that I've been saying we could get a tradable bounce at NASDAQ 2100. As recently as Monday, I harped on it again here.

So shortly after we hit that magic number, I got long AAPL and the Qs. I'm confident that we are going to bounce here and so I sold 50% of each position into the close and I'm swinging the balance into tomorrow. My stop on the Qs is set at $38.15.

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