[New Orders on Alesco Financial (AFN)]
Dear Member:
With a lot of profit in my Alesco Financial (AFN) positions and earnings to be announced after the bell today, I am placing an order to sell 1/3 of my position at a limit of $4.40 and am placing a stop loss on the remaining shares at $4.2. Often, even with relatively good earnings, share prices will drop following the earnings announcement so I am trying to preserve some of the large profit and see what happens. In any event, this one pays a great dividend.
DISCLOSURE: At the time of publication, I own shares of AFN.
Sincerely,
Bill Kraft
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