Placed market order for AA on 9/7/2008
Price 28.30 on 9/5/2008 (Friday)
Hammer formation after 4 day decline
RSI 30.22 down from 50.17 on 8/28/2008
Fast: K: 19.24/D24.71 down from 70.43/67.58 8/28/208
Fast up from 18.3/30.18 on Sept 4
-2.41% below lower Bollinger line
Aprox -11.42% below 1-day average
Aprox -12.92 below 50-day average
Improving income sheet as of 12/2007
Improving balance sheet as of 12/2007
Cash flow better as of 12/2007
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Gapped up bought at 29.16. Dropped to close at 27.54
Down 5.56% plus commissions, bad day.
Should have used a limit order... Would have prevented buying on gap up.
Day of purchase:
I can only hope for a min loss or micro gain at this point.
