Tuesday, May 8, 2007

Today's transaction: bought FDG

The market is incredibly strong when everybody is expecting a correction. Coal company JRCC posted better than expected ER and give good guidance. Steel industry holds well in this morning's bad weather.
Bought 200 shares of FDG at 26.08 in the last trading hour.
If it goes above 27, will add 200 shares.
Target price: 29.21.
On the down side, cut loss if it closes 50cents below today's 10-day EMA 25.32-0.50=24.82.

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