Bought 50 shares of SQM at 37.75
Trade ticket:
| Transaction: | Bought |
| Security: | SQM |
| Quantity: | 50 shares |
| Price: | $37.75 |
| Value: | $1,887.00 |
| Stop order: | Yes @ $35.94 |
| Target price: | $43.00 |
Trade Note:
Great price. Stock's been hammered lately, and it has shown strong support around 37ish. Looking to sell into daily high during a sector rally. Volatile though, and the news of 1bill cap expenditure may rub people the wrong way so put close stop loss, although maybe not close enough. But I don't want it to stop out due to unexpected volatility so put it a bit farther than I like.
Hoping to sell within the next 1-4 days.
Posted about 8 hours after the trade
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$tocker posted July 30, 2008 (03:26PM)
After the fertilizer rally today, I decided to change the gameplan. New gameplan:
Stop $38.99
Limit $47.75