Buying BGU
Wednesday, January 14, 2009 |
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Bought BGU @ $29.57. Looking for reversal in Dow off 8,150 support level after 5 down days. I am averaging into the market against the low end of the range believing the bottom is in.
| Categories: Investing | |
2 comments:
I am in for 30 shares at $29.44 I am thinking this is a good trade to leverage the potential short term downside on APPL.
I thought the move would be quicker off support but I am patient. If $25.50 breaks I am out but a move through $30 should get us to $40 in short order. So, risking $4.50 to make $10.50.
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