buy IBM @ 129.89
$100,000 / 129.89 = 769 shares
769 shares x (gain) = (profit)
will this price target hit? stay tuned.....
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IBM hits price target @ 129.89 and closes @ 130.00 on 7-22-08
+0.11 gain = $84.59
we'll hold this position for the week and see where it takes us.
we'll make 125.81 or stop loss target.
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IBM closes @ 129.52 on 7-23-08 off from our price target of 129.89
this gives us a gain of -0.26 = -$199.94
we'll hold this position for the week and see where it takes us.
125.81 will remain or stop loss target.
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IBM closes @ 130.00 on 7-24-08 for the second time this week.
+0.11 gain = $84.59
we'll hold this position for the week and see where it takes us.
125.81 will remain or stop loss target.
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IBM closes @ 128.53 on 7-25-08
-1.25 gain = -$961.25
take profit on the next break above 130.00
125.81 will remain or stop loss target.