Trade Setup: BBD - The Market Speculator

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Trade Setup: BBD
May 07, 2008 09:16 PM UTC

The Market Speculator

Return	Risk
-8.97%	HIGH

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
BBD		05/07/08	+2.36%	05/07/08

Via The Market Speculator:

I bought 200 shares of BBD, a Brazilian bank, at $23.31.

Setup: Breakout-Pullback. The stock pulled back to the breakout level and has a strong volume pattern. As a plus, Brazilian stocks have been on fire.

Risk: My initial target is the old high around $25. I will either take full or partial profits at this level. If I feel the stock is ready to breakout to another new high, I'll keep a

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