HAL
Earning reports was up, pre market trade saw this stock move 4%. once the stock opened I was watching the minute chart for an hour… Thats 60 bars!!! anyways, I saw a triangle forming and on the 60th minute the breakout happened… I’m bullish on this stock because of the good earning report so i’m just waiting for a signal to enter this position. I missed out on a nearly 10% drop in TAM (the Brazilian airline that crashed last week… things like a plane crash causes fear and drive stock prices) I missed out because I haven’t been looking at my tricom trader and something screwed up and prevented me from trading… Anyways, I got it fixed immediately and i’m back.
This is a USD trasaction… I actually forgot it was in USD, otherwise I wouldn’t have opened such a large transaction. I try to keep my exposure to $10k AUD per exposure unless I think its a good trade.
The Trade (23rd July 2007)
Buy 400 HAL @ $37.547 ( $15,018.80)
Margin Required: $1,501.88 (10%)
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