SOLD -10 SKF @102.51

SKF

Sold all my SKF for a tiny profit from $96.70 entry (fee $5). Congress is discussing a $700 billion rescue plan for the financials. The drop of financials in the past two days seem to be more of a setup for Paulson to sell his plan. The volume on SKF has been very low for the recent rise in price. Also, after Paulson’s proposal, SKF seem to be reaching a resistance at $102.50. I will wait and see how it goes, as there’s a lot of downside risk on SKF at the moment.

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1. SOLD -10 SKF @131.74
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3. SOLD -100 UYG @4.49
4. Sold -34 DUG @23.44 and Bought +10 SKF @104.125
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