A limit buy order for Potash (POT) near $112 executed today, which will take our stake up substantially to about a 2.4% allocation, The price was chosen for because to reach this level the stock would have to fill a gap and then reach the 50 day moving average.
On first glance a stop loss below $108 would seem sensible. There appears to still be a tiny gap around $110...
Long Potash in fund; no personal position
Wednesday, January 20, 2010
Bookkeeping: Limit Buy Order for Potash (POT) Kicks In
Posted by
Mark
at
1:58 PM
Bookkeeping: Limit Buy Order for Potash (POT) Kicks In
2010-01-20T13:58:00-05:00
Mark
Potash|
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Labels: Potash
Bookkeeping: Limit Buy Order for Potash (POT) Kicks In
2010-01-20T13:58:00-05:00
Mark
Potash|
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