BOUGHT +11 SKF @102.60

SKF

I’m back in SKF today after an exit about an hour ago. Price broke $103 for a few minutes then backed down. Upon further analysis, I think the Paulson plan wouldn’t pump the financials, at least for now. It would be too obvious and not profitable for the traders. A better scenario would be a big drop to shake everyone off, then a rocket up to lure in the chasers.

Stop: Working trailing stop order of -$8.0 on Marked Price.

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