Sold 2300 shares of TNK at 5.61

Trade ticket:

Transaction: Sold
Security: TNK
Quantity: 2300 shares
Price: $5.61
Value: $12,903.00
Target price: $

Trade Note:

Bought this lot at several different levels. Looking back I wish I had sold at $6 but still glad about the 18% profit plus the dividend. I see the market as a whole taking a 5 to 10% correction in the next few weeks taking TNK down with it. Also, though the spot rates were good in Jan and Feb they have softened in March and the summer is usually soft for rates. I have a limit order set to buy back with gates set at 5.36,5.18, and 4.99  Comments welcomed and encouraged.

Edited by Draven at 04/15/12 at 08:54 PM

Posted 4 days after the trade

Trade

Company information:

TNK 3.15 +0.01 (+0.32%)
Market cap 223.97M
52-week high 6.33
52-week low 2.38
10-day volume 836.56M
P/E -8.05
EPS (trailing 12 months) -0.39
Share this! Report

Posted by Draven on 04/15/12 at 12:17 AM

Comments

You must Log In to post to this Trade Note.

Not a member? Register Now to …

  • See what other traders are doing
  • Make your own trades public
  • Share your thoughts on a trade
  • Join or start a group
  • Connect with like-minded traders