Tuesday, February 5, 2008

Enter: SKF




Today I bought 2,200 shares of SKF for 102.74. Yesterday it was in the 96 region, but unfortunately my broker (vanguard) would not let me buy it yesterday until my DDM sell trade "settled". I'm probably going to ride SKF for another sub-intermediate five waves down.

This will be my largest trade yet. SKF re-traced its entire third wave, so it has a long, long way down to go.

I started reading a book on options, so I may be employing these if I find a good entry point (before the thrid wave). But I'm not going to use them until I fully understand then -- so time to get reading!

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