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It was an active day in the market. Two stop loss orders triggered and five buy orders kicked in. Here are the results as the dust settles. I sold EZM for an 8.5% loss and IVIS for a 4.1% loss. I bought ALGN at $21.40, IMDC at $56.24, KCS at $11.49, SAFM at $41.74 and SSI at $38.40. Of my new trades, ALGN looks the most promising. It rose 9.8% on twice-normal volume. It seems to be a good-looking breakout.
Now if I can just make and keep a few bucks on this trade. IMDC on the other hand, just touched my buy point (enough to trigger the buy order) and then sank. I’m already down 4.2% on that trade.
I’ll be placing tight stop-loss orders on all trades tonight as well as moving up any existing stop-loss orders, if that stock moved up.
UPDATE: I just place two more buy orders. I ordered AACE at $31.75 and ABAX at $22.39.
I'm a little frustrated. I had seven more orders I WANTED to place, but not enough money in my account. It really bugs me that I can't use margin. That would allow me to place twice as many orders as I currently can.
Posted by Ted at April 12, 2004 7:59 PM