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ReformedPatriot: Trade Notes

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Sold 100 shares of CRNT at 9.08

ReformedPatriot posted on 04/10/08 at 08:17 AM (Note posted about 4 hours after the trade)
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Users Bought (30 Days) 0 (0%)
Users Sold (30 Days) 0 (0%)
Market Cap 200.04M
52-Week High 11.54
52-Week Low 4.30
10 Day Volume 284,000
P/E 12.31
EPS (Trailing 12 Mos.) 0.43
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Sold
Symbol: CRNT
Quantity: 100 shares
Price: $9.08
Value: $908.00
Stop Order: No @ $
Target Price: $

Well someone wounded my bull. Sold for $75 profit and would have been more had the price hovered rather than trending down over several days. Wanted to get out before it entered the $8 range again. Not sure whether or not i am going to buy back in before earnings on the 18th.

In anycase this is my first stock with any real gain. And that's a good thing. Now if I can repeat this process, maybe I'll make some cash this year. 

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Posted by ReformedPatriot on 04/10/08 at 08:17 AM

Tag It | 1 user tagged it: CRNT, stock, sell

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lifeisgrand

Member since: May 08
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lifeisgrand
Posted May 14, 2008 (03:48PM)
Went back and analyzed this one - it hit resistance on the 7th and couldn't get through 10.00.   Often times there is resistance at whole numbers, especially 5's and 10's.    As the price headed through 9.8, 9.85, 9.90 that might be the time to sell before that natural resistance forms.   It is possible of course that the stock might push through that resistance, and if it does it will spring up as though it was propelled by a rubber band.   If you think that may happen you can hold and see if you are right.   Another possible way to play it would be to sell half as it approach the number, and hold half to see if it gets through that resistance. 
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