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[Previous entry: "ASD Locking in some gains"] [Main Index] [Next entry: "INTC--Locking in some more gains--INTC reports Wed. after close"]
01/13/2004 Archived Entry: "FDX--Locking in some more gains--+$7.76"
click here for FDX
1/13 This is the second chart we are taking half off the table to lock in some gains. ProfitPoint subscribers received the FDX chart 12/9. We entered short 12/17 at the open @ $72.80 with the gap down below the 3x3 on daily. This has been a pretty good run and this chart could still go lower, but we expect a bounce at monthly support in the $64.65 area, so we are closing half of our position on 1/9 @ $65.04 EOD for a gain of +$7.76 (10%). We will look for a cross up of the TRSI to close the other half
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