FXR
Closed out my FXR today, had a good 2-3 day run and its trading outside the boolinger bands. During this time they had a production upgrade which caused the stock to rally. Currently they haven’t done the magnetic survey for iron ore yet. That said, since I was only going to be in and out for this one (short term for speculation) i better get out while its good.
The Trade
Buy 10,000 FXR @ $1.0452 ($10,452) - 4th July 2007
Sell 10,000 FXR @ $1.2288 ($12,288) - 13th July 2007
Profit $1,836.00 in 10 days.
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