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Saturday, November 03, 2007

RIO Part Deux

Well in the interest in full disclosure I actually closed out my position in RIO on Halloween of all days. To be quite honest I put in a limit order that day way ahead of my projections and it popped at $38.25. What's weird is the high for the day was actually $38.29, so it just got in under the gun. I'm happy I was able to pull out a 14% profit in only 12-days, however I really really do like this stock and continue to be very bullish. I'm just waiting for this to drop to the low 30's and I will pile into this stock again. My other stocks that I have current sell orders for are: DELL at $38.00; VDSI at $36.10; OMCL at $30.02; and AFSI at $12.10. As you can probably tell from the current prices I'm bullish on the first three because my limit orders are well ahead of the current prices, however I am a bit concerned with AFSI, so I have put in a stop limit order for it. They are reporting earnings on 9 November, so I will wait and see and maybe there will be some upward action prior to earnings.

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