Tuesday, November 8, 2011

Seek

Just a brief note. Pharmaxis, PXS, is down a couple of cents but it's an inside day so although I've drawn my stop below yesterday's low, I'm leaving the position alone.

I'm planning to buy some SEK on the close. The stock may have made a higher low yesterday. If there's a rally but it's corrective, the stock could still get to 620. If it's more bullish then a push to 640 or 650 is possible. The initial stop will be below yesterday's low at 581 but I can trail that higher if the position starts to go my way.

chart

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