Monday, January 28, 2008

A single to start the week...

MATR: (interesting range for a buy-out candidate, likely because of the cash-stock mix, I actually don't care, just glad to make some coin...)


Bought 9:20am doji,
70 shares @ $32.34,
(once again, no target set, stop loss is always 1c below the doji low, and moves as new candle highs are made compared to preceding stick)
exit:
sold 40 shrs @ $32.46 (held through a dip but a huge seller did not allow ask to go above 32.50)
sold 30 shrs @ $32.50 (again, iceberg sell around 32.50, got out with a profit, stock did not move after the sell)

Commentary: Good trade. Maybe would not have traded given it was a take over name

Gross P/L: +$9.60, net +$6.55

We'll see what tomorrow brings,
Masterjaz out

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