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August 27th, 2009 at 9:57 am
Oxen Report Entry/Exit
Market is coming down on the jobless data instead of rallying on the GDP data. Wasn’t completely sure which one would spark things a bit more.
UYG – Just got into at 5.55, and we are looking for 2-3% gain on the day. So, we are hoping for an exit at 5.66 – 5.72. If the market can turn around then it is doable. We have a stop loss set at 5.40 in case the market drops out below us.
DELL – Stock opened lower than my expected entry or exit, so we got in at 14.75 to short sell Dell. We are looking for an exit at 14.40 to 14.25. If the market keeps on moving lower, this trade may work very well.
Good Investing!