Wednesday, February 10, 2010

Position Update

We went long a few shares AAPL at 196.21 swing as it keeps bumping up on the trend-line. In retrospect we should have waited for trend-line to actually break rather than anticipate it due to bearishness of the market.

On the upside we like 198 and 200 targets for partial exits and on the downside around 194 (2 day low) and we'll probably eat the 2 points loss.

Update: Sold AAPL for 1 point loss this morning. Will try again long on trend-link break.