Thursday, October 28, 2010

Bookkeeping: Closing Kinder Morgan Energy (KMP)

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Reason: Boredom

Reason #2: Chart looking iffy

Reason #3: Chart of oil weaker then when I bought, stuck below resistance after making a go of it 2 weeks ago



Reason #4: Commodities are overbought and due sooner or later for a correction

Reason #5: "Breakout" has reversed

Taking a 2% loss.



No position


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