Stock Trading : LLY 09-16-03
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September 2003 Trades      
Stock Trading Pick for September 16, 2003
LLY - Eli Lilly and Co.

* Our LLY trade results in losses of up to - 42 cents per share over 3 days.

Date Stock Position Entry Current Stop Max P/L
09-16 LLY Short 60.84

61.00

just above 61.20 up to + 28 cents per share


LLY set up Tuesday when it traded below 60.90 @ 60.84 (due to gap up). It traded as low as 60.56 just missing our first target but resulting in profits of up to + 28 cents per share.


Date Stock Position Entry Current Stop Max P/L
09-16 LLY Short 60.84

60.74

just above 61.20 up to + 28 cents per share


Traders holding overnight into Wednesday were advised to keep your stops just above 61.20 to reduce risk and the stock gapped up at the open forcing us to place an emergency stop just above the first 15min high of 61.55. This emergency stop held and the stock traded as low as 60.55.


Date Stock Position Entry Current Stop Max P/L
09-16 LLY Short 60.84

61.04

closed up to - 42 cents per share


Traders holding overnight into Thursday were advised to keep your stops just above 61.20 to reduce risk and the stock hit this stop closing the trade for losses of up to - 42 cents per share.


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