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CLOSED POSITION: Century Aluminum Company (NASDAQ: CENX)


Five Percent Stocks announced that Century Aluminum Company (NASDAQ: CENX) has hit its stop loss price in the Five Percent portfolio. The blog has closed its position in Century Aluminum Company (NASDAQ: CENX).  I couldn’t have picked a better top if I had tried - not pretty.

Sell price: $61.90
Days held: 12 days
Position opened at: $66.40
Return: -6.8%
Reason closed: Stop loss

Please keep in mind that Five Percent Stocks works strictly to its mission of short-term investments seeking the magic 5% number within 30 days. We have a pre-determined stop loss benchmark noted in the original BUY posting to close immediately any position. Closing the position is not an indication of our view of this stock as a long term investment. To repeat, we are not professional brokers and do not intend for this advice to influence your own investments.

See the original BUY posting for (CENX)



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This entry was posted on Tuesday, July 24th, 2007 at 4:26 pm and is filed under Losses, Closed positions. You can subscribe via RSS 2.0 feed to this post's comments. Responses are currently closed, but you can trackback from your own site.

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