Tuesday, July 7, 2009

Bookkeeping: Stopped Out of Majority of Discover Financial (DFS)

Posted by TraderMark at 10:12 AM TweetThis
I had placed a stop loss at $9.60 on Discover Financial (DFS) and with the gap down to start the day (based on last night's announcement of a new stock offering) it was triggered at the uninviting price of $9.37. The 200 day moving average is just over $9.60, and the stock is back at $9.48 so we'll monitor it from here to see if the stock can rebound. But for now I've been reduced down to a 0.3% stake.

Long Discover Financial in fund; no personal position

Posted by TraderMark at 10:12 AM

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