Wednesday, December 22, 2010

Portfolio Update

Closed out two of my positions today, CX and SYK. 

Cemex had a big breakout yesterday moving up over 5% to hit the bottom of the upper trendline.  With that action in mind I set a tight stop-loss @ 10.80.  The stop was hit at the open of the market when CX started the day down.  It closed out my position for a 7% gain. 

Also closed out SYK this morning on a tight stop-loss.  This stock has more upside potential but I went with my stop-loss because of the holiday season and the beginning of the new year.  I wasn't interested in holding  many positions over the holiday season.  My stop on this one was at the low of 12/17/10, stopped out for a 1.5% gain.

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