Thursday, September 3, 2009

Trade 40 exit : CTP - largest gain % and $



This is a interesting sell, given the technicals are still strengthening, and that I still really like the stock.

However, I want to take some profits off the table and stay cashed up, for the current market misdirection - and given my bearish stance, I want to remain clear of small caps, as they could tank very hard, when assset allocations stay focused on rotating their profits positions into mid-caps and start pulling out profits on the larger caps and small caps.

Results
11,0000 CTP (exit 0.13 - entry 0.85) = $476.95
52% return in 30 days

Funny how the stock I invested the least amount of money into, has made me the largest gain to date so far.