Friday, June 13, 2008

Entering on MACD cross

Ok, i have said i will find another stock to buy but can you resistthat MACD cross at below 0. So I went in at $6.26 last may 27, 2008 with a stop loss of 2%. My target is still at 7.5. I will not create a trailing stop loss for now... so I will have to change the stops every now and then. Let's just say I want to lessen the unwanted triggers from all those bad news of oil and jobless figures.. etc. I have realized that if I hadn't had trailing stop loss from the start of my trade with CRUS, my gain would have been higher.

Anyways, after peaking at $7, I had changed my stop limit to $6.63. Good thing I did the change for the next day, all hell broke loose and it was a ~$0.4 drop. My trigger was set and I am happy with the $0.37 gain.



Now, I really will leave CRUS for the mean time. The MACD signal has crossed the MACD line, it might be signalling iminent danger. I must stop my infatuation with CRUS for now... so, thank you for the little gain CRUS!

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