SOLD -11 SKF @105.84

SKF

Sold my SKF from a cost basis of $102.60 from yesterday (fee $5). The ETF still seem poised to go higher in the near term. However, since I’ll be off to Taiwan for a few days, I don’t want to leave the position unattended as it is highly volatile. Ideally, I’d like to wait for the price to reach at least $110 or later in the week to sell it. Still, I am satisfied with my small gain and would not risk more for a little gain (I considered placing a limit sell at $110).

I still believe SKF has a lot of potential for a much higher price in the coming weeks to about > $120 based on the fundamentals (i.e. the laughable spin by the media on Buffett’s deal with Goldman Sach) and technicals.

Related posts:

1. SOLD -246 SLW @6.64028
2. SOLD -10 SKF @102.51
3. Sold 12 CVE.TO Puts @ 2.90 Mark $27.50, +10% gain
4. SOLD -120 SLW @2.90
5. SOLD -83 CAF @32.35