Stock Trading Pick: MCHP 08-26-03
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August 2003 Trades      
Day Trading It Stock Pick for August 26, 2003
MCHP - Microchip Technology Inc.

* Our MCHP trade results in profits of up to + 55 cents in 1 day!

Date Stock Position Entry Current Stop Max P/L
08-26 MCHP Short 26.64

26.82

closed up to + 55 cents per share


MCHP set up Tuesday when it traded below 26.70 @ 26.64. It traded as low as 26.09 reaching our first target of 26.42 to 26.30 (always cover at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + 55 cents per share before hitting our stop just above 26.64 closing the trade.


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