[Placing Stop Loss Order on Robert Half International (RHI)/Sell Stop $43.33]
Dear Member:
On the heels of yesterday's interest rate hike by the Fed, the markets are looking very weak at least for the moment. Robert Half International (RHI) has risen since my entry and I would like to protect at least some profit in case the stock starts following the overall markets. I am placing a sell stop order at $43.33 so that the stock would be sold if it dips to $43.33. That would give me a 30 cent a share profit if sold at $43.33.
Overall, I think the caution flag is out again. Things were looking pretty bullish until yesterday's Fed announcement, but for the moment, bets are off. I am tightening stops and looking for hedge positions against my bullish positions.
Sincerely,
Bill Kraft
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