Around the Horn: Extra Innings for September 4

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By Julie Peterson-Manz | Published 09/4/2007 | Stocks | Unrated

Around the Horn: Extra Innings for September 4

Friday we had one Around the Horn subscription trade on our radar, but that was all we needed for a little extra holiday cash.

International Rectifier Corp (IRF) was a Fastball short for Friday’s Around the Horn subscription trade list. IRF opened and within a few ticks was past the profit target- getting this would be mythology. Our entry opportunity was a little later in the morning and drifted lower for much of the day. IRF traded to within 10 cents of the profit target, the level at which we move our stop to a profit stop at the 50% to target level at 34.40 and exit was at this level.

International Rectifier Corp

Extra Innings and Opportunities for Monday, September 4, 2007:

I’ll begin stalking the un-triggered trades this week and bring you additional opportunities as they occur.

P.S. If you enjoy my column and would like to join our Intraday Trading Plan, it's only $1 for a 30-day trial. Click here to start receiving our best trading setups for every trading day.

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

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