Monday November 10, 2008 we had one Around the Horn premium trades and two Stocks to Watch on our trade list. One of these tagged us in and stopped us out at 50% to stop and the other two were no-shows.

Crown Castle International Corp (CCI) was a Backdoor Slider short for Monday’s trade list. CCI tagged our entry late in the day, going 10 cents against us before going 10 cents on our direction. We have two options at this level, either to scratch out at 11 cents or more against you, or more typically, to wait for the 50% to target level as a stop to allow for a little more volatility. Exit was at the 50% to target level.

Crown Castle International Corp (CCI), 5-Minute Chart


Extra Innings for Tuesday, November 11, 2008:

Crown Castle International Corp (CCI), 30-Minute Chart


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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.