Stock Trading Pick: BGEN 09-02-03
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September 2003 Trades      
Day Trading It Stock Pick for September 2, 2003
BGEN - Biogen Inc.

* Our BGEN trade results in profits of up to + 81 cents per share in 2 days!

Date Stock Position Entry Current Stop Max P/L
09-02 BGEN Long 39.69

39.85

just below 38.82 up to + 54 cents


BGEN set up Tuesday when it traded above 39.75 @ 39.69. It traded as high as 40.23 not yet reaching our first target of 40.50 to 40.62 but resulting in profits of up to + 54 cents per share.


Date Stock Position Entry Current Stop Max P/L
09-02 BGEN Long 39.69

39.00

closed up to + 81 cents per share


Traders holding overnight into Wednesday were advised to keep your stops just below 38.82 to lock in gains and the stock traded as high as 40.50 reaching our first target of 40.50 to 40.62 (always sell 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 + 81 cents per share before hitting our stop just below 39.69 closing the trade.

Final Chart showing the two day trade:


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