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Showing posts with label aks. Show all posts
Showing posts with label aks. Show all posts

Monday, December 20, 2010

Playing with the Trend

I'm going with the upward trend in the steel production and have messed around some more with U.S. Steel (X) and AK Steel Holding Corporation (AKS). I got back in AKS at $15.94 and entered into another Jan 2011 call on X at $2.70 and closed the position at $4.30.

This morning I bought some Chesapeake Energy Corporation (CHK) on a breakout in the technicals. The tricky thing with this week will be volume since we are going into the Christmas week.

Update: Got in on CHK at market open at $23.93 and sold out 14 mins later at $24.64. As I am updating this, I left some profit on the table the high was $25.04.