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Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)

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To: Londo who started this subject4/16/2001 12:24:43 AM
From: Londo   of 181
 
I'm not 100% sure whether the CY earnings report is going to tank the stock or not, so I'm going to perform an active trade:

1. Sell the entire stake in CY if the common stock trades at 20 or above, or at 17 or below, whichever comes first.

2. If condition #1 is not met by April 18th, then sell the entire stake of CY at the end of trading on April 18th, for whatever the closing price is going to be.

The general impression here is that I want to protect the little profit currently within the stock; I am concerned that (sharp) downward guidance in the stock will cause it to plummet after they announce earnings. If the stock doesn't tank, then we can always take action later.

This portfolio isn't about trading, but I don't have a lot of choice with this one.
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