Thursday, October 4, 2007

Sold 1,000 CNTF at 7.76

Decided to take 1/4 position off the table to take advantage of the 82% run up I have on the books. This leaves me with 1/2 position, which I will hold with a stop at 25% from entry. I don't want to get burned holding onto too many of those Chinese stocks come Friday or Monday. I will be picking some more up if the upcoming news calms the nerves and we get a little bounce off the daily 200 ema. Been a nice trade thus far and I need to bank a bit so that the family eats tonight.

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