Tuesday, September 19, 2006

Trade of the Day - CheckFree Corporation (Public, NASDAQ:CKFR)

A late start to my trading day, kept me from trading all morning as the free fall was well underway by the time I got to my desk. When CKFR finally appeared to find a temporary bottom, I started looking for a long entry point. I keyed off of a higher low and I was able to hang in until the end of the session. My initial risk was 20 cents and my reward was $0.94 (R 4.7). This was my only trade on the day.

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