Yesterday, I bought LO after a disappointing earning report. I felt pretty comfortable about a bounce in the stock price. However, the overall stock market looked shaky all day today. In the end the strategy worked and 3% return on 2 days is not bad at all.
3% Return Strategy:
- Buy a stock at weakness or strength
- Sell after 3% price increase, or 6% price drop
27 October 2009 Transactions:
- SOLD 40 SHARES OF LO AT $77.71
- Commission $7
27 October 2009 Positions:
N/A
Account Balance:
Starting Account: $10,000
Current Account Value: $10,078
Net Gain: $78
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