Friday, January 22, 2010

Bookkeeping: Stopped Out of Gafisa (GFA)

Well, that was certainly a very short affair with Gafisa (GFA) - we put on a trade (only) late yesterday in the $27.40s with 2% loss limit (stop loss $26.85) which we were taken out of first thing this morning.  The stock sliced right through the 200 day moving average as if it was not there - fascinating.  We'll see if that was done just to collect stop losses (such as mine), before some sort of bounce occurs.

Back to cash with that 2% allocation.

No position

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