Thursday, December 13, 2007

Companhia Siderurgica Nacional (SID)

An interesting thing happened today. Last week I wrote about the breakout of SID. I didn't buy intra-day and SID ran away from me a little. I didn't chase it and just placed a limit order for 82.55, which was within the 8% of the proper buy point. I actually forgot about the order until I saw that I was filled when the market was down today. SID bounced back nicely and I'm glad that I waited.

The chart looks nice. We'll see how the broader markets hold up.

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