Selling CAL

dots Posted on October 4, 2005 , filed under Stocks | Print This Post

I bought 2000 shares of CAL at 9.55 on September 21st, 2005. I sold 2000 shares of CAL today at 10.51.

My profit was $1908.14 or 9.98%.

The stock is jumping up over speculation over the U.S. government releasing oil reserves. Oil is currently under $65 a barrel. I have a feeling the stock has gone up too fast and will dip again before firm news is released by the U.S. government.

Here was my analysis for CAL posted on September 28th.

Symbol: CAL, Continental Airlines, Inc.

Intelligent Investor Strength: 6
Chart Strength: 7
Speculation and Greed Strength: 10

RawGreed Strength Rating: 8.25

Target Buy Price: under $9
Target Sell price: $11-$12 within 3-6 months, $14-15 within 6 months-1 year.

Notes: CAL is heavily influenced by speculation and greed. Every little piece of news about oil has sent the stock tumbling or rising.

*Disclaimer: I own 2000 shares of CAL purchased at $9.55

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