Saturday, January 8, 2011

Portfolio - CSCO (long)

Went long on CSCO this Friday with a break of resistance.  Decided to go long on CSCO to play the gap fill giving us a lot of room to the upside.  There is also a clearly defined hammer candle from Thursday that should lead to further upside.  Our buy-stop of 20.97 (purple line) was hit and filled in the morning and our current stop-loss is 20.52 (red line).  At that stop-loss we are currently risking about 2.2%.


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