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Ice Cold Traders
Posted On: 12/13/2012 1:53:50 PM
Post# of 474
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Posted By: coolnapz

Closed $AKS 4.21 for 51 cent gain on 2nd half


The markets are showing a lot of weakness right now. The SPY has sold off of the 144 high area pretty much straight down to 142.50. I've made enough on this play and would rather lock in my second half gains. Entry was 3.70 so first half was an exit at 4 bucks and then 2nd half was an exit here at 51 cents.


If $AKS has another deep sell off back down to retest 3.50 then I might re-enter but it will depend on market conditions. I could be wrong and this could run to 5 bucks but I am looking to play it safe and just watch for the next trade.


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