SOLD -11 SKF @105.84

[caption id="attachment_271" align="aligncenter" width="500" caption="SKF"][SKF][][/caption]

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.

[SKF]: http://traderpau.files.wordpress.com/2008/09/2008-09-24-skf.png