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On Friday I closed my call position.
In the morning system gave another buy signal since TOL broke out from the green resistant line. I did not accept it because market in pull back mode and volume was low. MMs are still on vacation! I still hold the position I bought in previous day so I was happy also.
Everything was OK until the heavy volume red bar and it also violates a small support line. So I placed the sell order immediately. My guess at that time It would be a breakout failure this time.
If TOL should return back its pivot point on next Monday I would buy it back again. If it could not breakout again then this one is over. My attention will move to other places.
Symbol Quantity Date Price Net Amount Order Date Price Net Amount Gain (Loss)
TOLLF 1 11/22/2006 1.25 131.50 S 11/24/2006 1.92 180.51 49 TOLLF 1 11/22/2006 1.25 131.50 S 11/24/2006 1.92 190.50 59 TOLLF 17 11/22/2006 1.30 2235.50 S 11/24/2006 1.91 3221.50 986 TOLLF 11 11/22/2006 1.30 1446.50 S 11/24/2006 1.90 2073.50 627
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