Bot my first stock today (Nov 3rd, 2006)!

The stock bought today is CAL. In 100 @ 34.89 stop @ 30.  max loss: 500
Reason to buy: (1). still in up channel  (2).down to 20 SMA.  expect a rebounce.
not to buy:  fast MACD is crossing down to slow MACD.

Actually, this is not a good trade because right now it's a pivot point for market to decide which way to go: bull or bear. The better way to do is to have cash in hand.
However, since it is the first day that I am able to trade, I still decide to trade it anyway. Wish me myself luck.


Close this position at the afternoon.
Reason:
1). Generally I am bearish on the market. A reaction is happening.
2). On weekly chart of CAL, the price is slipping.

Note: today price has been touched the SMA20 line but qucikly rebounded. Does it mean there is anothr rally?


Remark on Nov. 15th 2006:
12 days after my first buy, now the closing price of CAL is 43.08.
Well, if I don't sell, I may be able to catch the small rebounce ($3), however, I don't think I can hold for 2 weeks with my current stock experience! Too much needs to be improved!