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Trade Entry: SAFM

 Aug 15, 2008 05:45 PM UTC
Return Risk
-7.99% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
SAFM Positive 08/15/08 -24.43% --

Graphic_arrow1 Via The Market Speculator:  

I took a small 1/4 size pilot position in SAFM today, buying 100 shares at $43.29. This stock was highlighted in the trade report, with a buypoint in the $42-34 range.

The Setup: Breakout pullback following a strong bottoming formation. Volume pattern is solid. Stock is pulling back at recent highs. I expect a pullback to the bottom of the breakout bar, around $42. It's also possible that




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ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 17.80 +39.28% 78
2 15.63 +15.75% 10
3 14.33 +16.71% 41
4 14.22 +22.85% 16
5 13.47 +29.97% 183


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