Mostly down due to earnings
WNG,CRYP,KNOT,GLBC,VTAL,SNS,THQI,FL
"Magno Arms" What Does It Indicate? Nothing Good
2 years ago
Thursday, May 10, 2007
Tuesday, May 08, 2007
AKS story
Yesterday,bot 250 shares of AKS @ 32.36 in the morning when it broken the previous day's high at 32.25(also 52 week's high), but the stock then traded sideway for the rest of the day and closed at 32.06. I didn't sell the stock as it didn't break down and still showed some strength.
This morning, I found there was buyout news about AKS, and the stock was trading around 38.5-38.8 BH by the time I opened the computer. Wow, this was like a lottery. Then I checked GOOGLE BH chart, and found the stock was ever traded up to 39.5, and the news said the buyout from MT offered about 40$ a share. My mind was flying, and was full of hope that the stock may go higher again, but never ever think about the speclative nature of such news and the downside risks from here. The stock slided gradually BH and opened at 37.5, I just watched it slided into 35 area. Around 11AM, I set up a stop limit order at 35.2/35.2 and left for the day. When I came back around 4PM and found my shares were sold as expected. The market closed at about 35.
Lessons: 1. It should be sold BH at ask price around 38.5. Because it has risen so much and the news has not confirmed yet by both parties, and it may have a long way to go. Another possibility is this could be just a rumor as yhoo had with msft a few days ago.
2. 38.5 is not that far from the alleged offering at 40$, and usually there will be some time value left for the stock to trade up before the final close of such a deal.
3. when the market opens, I should set a tight stop limit order, at least above 37, to protect the values already gained.
Monday, May 07, 2007
ATI（111.77） looks particular hopeful in short term, June 120 call 2.5 would be reasonable!
Sector Snap: Titanium Producers
Sector Snap: Titanium Producers
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