Monday, December 21, 2009

Tim Sykes' LZB trade, Dec 9, 2009

LZB day chart Tim Sykes trade
This trade was a loss. I find some of Tim's losing trades just as instructive as the winning ones to look at. Perhaps I should classify these little posts according to whether the trade was a win or a loss, in addition to ticker and market. Can't think of a reason for a technical, short-term speculator to open a position in this stock around Dec.9 -- which is when the position was closed according to Tim's log on his site. According to his log, the buy level was $10, sell $9.82.

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