Yesterday I bought a 5.6% (250 shares) position in JOE at $22.29. Today, the stock remained strong while the market sold off early morning and broke out while the market bottomed out near $127. I took off 1/5 of my position near the top at $23.23 for a 4.2% gain. Not bad for my first swing trade of the year. Reference points above are $23.80 and $24.50, or where the 200dMA will be next week..
Thursday, January 6, 2011
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