Thursday, January 8, 2009

TP, SL for China Com reached

What a dramatic 2 days. After hitting my TP1 of 10.89 yesterday (thank God, I decided to follow my trading plan), China Communications dipped and hit my SL of 9.33 today. So, from a high, I have been brought back down to earth. It is still a good way to start the new year, with a trading profit of $800. Considering that this a bear market rally, I really am satisfied. Future plans? Wait for Chinese New Year, then short Cosco.

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