27th-April-2011–Chinese food can be too oily.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	16.94				Losses	6 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Raise my stop loss to get out of this oily Chinese food stock.
2. It broke the intraday support line and I don’t see any strength after that.

 

Lesson Learnt:

 

1. Chinese food can be quiet oily, not good for health. Let's wait for them to come up with low cholesterol menu first.
2. Daily chart shows that it punched through the 20MA line downward.
3. My stop loss should have been set to $17.40. I should have know better. Lesson learnt!
4. Watch for the stock to touch down at $16.00. We might be able to pick up some healthy food then.

 

Intraday Chart

Historical Chart