Thursday, August 09, 2007

 

Position Update - SHLD


My timing on the entry was pretty bad. I didn't close it (fortunately) when it went above 135-136 which I felt was resistance. I was down about $450 on this a day or so ago. I was literally within 10 cents of selling it. Well, good thing for me this came down today. I'm still down about 100 bucks or so.
The chart might be at a make or break spot right now. It could form a double bottom and take it higher, or it can break support at 129.50ish area and go lower. We'll see what happens. I'll keep my stop tight on this one.

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