SOLD -277 TCK @4.87

I took some time today during lunch to study the move of TCK. TCK made it above \$5.00 in the morning with mediocre volume. Then I watched it break above \$5 again around noon and it was disappointingly unspectacular. This isn't a good sign. On top of this, S&P 500 seems to be on the verge of breaking below the support of 780 as I've noted in the morning pre-market analysis. So I decided to place a stop to close my long-held position at \$4.87, just below yesterday's intra-day trough at \$4.88. TCK was marked at \$4.98 or so at the time.

Then at 13:19, my stop was triggered. Two hours later, TCK is now trading at \$4.65. The S&P is holding out at 770, which isn't all that bad. Perhaps this is just a shakeout before another leg of this bull run. Perhaps 800 was indeed the end of this leg of the rally. I'm not sure at the moment. What matters is that [from my analysis, there is a higher risk than reward expectancy at the moment][]. So I'm just saving my chips rather than risk them over the weekend.

[caption id="attachment_1108" align="aligncenter" width="500" caption="Teck Cominco Ltd."]Teck Cominco Ltd.[/caption]

[from my analysis, there is a higher risk than reward expectancy at the moment]: http://www.quantisan.com/market-weekly-review-march-17-2009/