Monday, October 02, 2006

FMCN in buying range

FMCN (Focus Media) is a stock in buying range based upon on of my indicators. It is a short-term trade that will probably last only 3 to 21 days. Here is how I am setting it up.

Buy
  • FMCN
  • at $58
  • Stop loss
  • order at $54.25
    Sell limit order at $61. This order will sell your stock when it hits $61

    For those who don't know what types of orders these are I put in the links for the stop loss order, but I am having a hard time finding a great definition of a sell limit order. Sorry.

    More longer-term trades will pop up when the time comes.

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