Stock Trading - IRF 09-29-03
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September 2003 Trades      
Day Trading It Stock Pick for September 29, 2003
IRF - International Rectifier Corp.

* Our IRF trade results in losses of up to - $1.02 per share in 2 days.

Date Stock Position Entry Current Stop Max P/L
09-29 IRF Long 38.86

39.18

just below 37.90 up to + 42 cents per share


IRF set up Monday when it traded above 38.80 @ 38.86. It traded as high as 39.28 not yet reaching our first target but resulting in profits of up to + 42 cents per share.


Date Stock Position Entry Current Stop Max P/L
09-30 IRF Long 38.86

39.18

closed up to - $1.02 per share


Traders holding overnight into Tuesday were advised to keep your stops just below 37.90 to reduce risk and the stock hit this stop closing the trade for losses of up to - $1.02 per share.

Final Chart showing the two day trade:


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