Sold RKH @ $93.91

July 17, 2008 – 10:55 am

I just sold 1/2 of my [[RKH]] position @ $93.91 (10:40 ET) based on a reversal from 97 back down to 94.

I’m keeping a vigilant eye on the remainder of RKH. The major components of this ETF are JPM, USB, WFC, WB and BAC, which account for about 61% of cap-wgt.

I’ll sell the remainder on a 91 stop.

As always, trade at your own risk, and be careful out there.

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2 Responses to “Sold RKH @ $93.91”

The Fly Says:

Nice.

I am going to hold mine, since it shorts bigger regionals, while I’m short small ones. I believe there can be a meaningful spread between the two.

I’ll sell mine next week, hook or crook.
July 17th, 2008 at 11:24 am
alphadawgg Says:

This sector is great for trading right now. Love the volatility. Embrace it.
July 17th, 2008 at 12:38 pm