Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Thursday, January 13, 2011

Quick Short Idea

This set up is only for January 13.

Olin Corp is set to announce on January 31.

Short at the close or very near, at 15 minutes or less to the close, at a price between 20.10 and 19.82, that’s a range of -0.99% to – 2.36% from Jan 12 close.

If you made the trade be aware of your stop loss level, at 20.35 is a range of 1.2% to 2.7% loss and the stock should not close above that level in the following two or three days.

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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick