Sold BBY for 5.05% and 1.77% Profit

Apr 20, 2009 -

Today I completed the second half of my BBY trade.

On April 16th, I entered BBY at $37.83 and exited half of that position a day later at 39.74. The second half of that position was exited when my $38.50 spot was hit.My stop was at 35.80. This was a 1.07R trade.

This is probably a premature exit as STO does not show to be overbought yet. In addition support looks to be at $38.00. I wanted to protect my gains. Given the market conditions (overbought this morning). I thought it was best to keep a tight stop.
 
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