[Stop Hit and Position Closed on Siliconware Precision (SPIL)]
Dear Member:
Siliconware Precision Industries (SPIL) popped at the open and then retreated a bit. My 1% trailing stop was hit and my position was sold at $8.44. When I opened this trade, I indicated it could be a fast one, and, sure enough, that is what happened. This play resulted in a return of nearly 4% before commission in just 2 days. (After commission, my return was actually 3.3%).
DISCLOSURE: At the time of publication, I have no position in SPIL.
Sincerely,
Bill Kraft
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