Tuesday, July 28, 2009

Two Other Trades Done Today

I also sold two positions today:

1) I sold a small position in Las Vegas Sands. LVS has gone from just above $6 to almost $11.50 in just three weeks and had reached my upside sell point (at resistance).

2) I also sold a small position in Cienna (CIEN) for the same reasons. The trade was profitable and had reached resistance.

Additionally, the market has run up quite a distance, and while I think it has a bit further to go, I am not inclined to allow decent profits to slip away at this point.

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