November 4th 2007

Trading Ideas Update

Let’s review trades featured on this site that are open or were closed this week.

The AMTD trade briefly pierced it’s 50 day SMA, but managed to rally and stay above this important zone of support.

The AGU trade is almost to 3R.

The KGC trade is now around 5R.

The SINA trade is sitting just a little bit over 1R.

The GSOL trade has been stopped.

The IBM trade didn’t setup, but I still like it under 111.

The latest FCX trade hasn’t setup yet. I still like the stock over 120 to 122. A hammer has formed and for a risk of 2 bucks, you could make 6 if it goes back to 120. I will probably take the trade if it breaks 114, but that’s the last you’ll hear of it here :)

See you tomorrow!

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