Trade Entry: SAFM - The Market Speculator

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Trade Entry: SAFM
Aug 15, 2008 05:45 PM UTC

The Market Speculator

Return	Risk
-9.10%	HIGH

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Symbol	Sentiment	Start	Return	Closed
SAFM		08/15/08	-9.73%	--

Via The Market Speculator:

I took a small 1/4 size pilot position in SAFM today, buying 100 shares at $43.29. This stock was highlighted in the trade report, with a buypoint in the $42-34 range.

The Setup: Breakout pullback following a strong bottoming formation. Volume pattern is solid. Stock is pulling back at recent highs. I expect a pullback to the bottom of the breakout bar, around $42. It's also possible that

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