[Buying PPL Corp (PPL)/Day Order/Limit $28.75]
Dear Member:
I like PPL Corp (PPL) at $28.75 or better for the day. PPL is a strong energy and utility holding corporation that has just bounced off both a daily and a weekly support. It pays a dividend at a rate of about 3.8%. I like the entry because it is fairly close to an exit if I am wrong about the direction. I would set my initial stop loss order around $28.20 thereby risking about 55 cents absent any unforseen gap down. Of course, the risk with any stock is the price one pays but generally speaking a stop offers fairly good chance at a reasonable exit in the event of a normal downturn.
I made a little money on this same company not too long ago.
DISCLOSURE: At the time of publication, I have no position in PPL.
Sincerely,
Bill Kraft
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