| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| INTC | Semiconductors | 33.05% |
|
0 | 03-Feb-10 | Currently Holding |
15-Apr-08
New Trade - Short AMZN - Amazon
Holding Rationale for INTC.
I was going through some charts late last night and this one caught my eye.
I thought it will be a nice little trade.. It reacted at a previous top and broke down the short term trend-line. MACD is giving a sell signal. Short term EMAs are pointing down. The stop loss level ideally should be the recent top around 78 but I am not going to hold on till that.
I shorted 50 AMZN @ 72.35. My stop loss is 75.35 on this and my first target is 69.25 and second target is 64.75
Update: The INTC results gave a little push to this guy during after hours trading but I am going to hold on to this till Friday.
Posted at 20:33 in Holding Rationales | Permalink | Top
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