Thursday, May 31, 2012

ABF: Update

My ABF:LSE short trade has made some downward progress and I am going away tomorrow for a week.  The price appears to be "bear flagging" and the indicators are all heading south.  I have therefore decided to leave this trade running as I can't see any reason to take my profit now.

I will be alerted if the price hits my first target and I will then sell half of my holding, move the stop to break even and run the remainder in the hope that my second target will be reached.

In the meantime, my protective stop is in place.

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