AFLAC (AFL) – Scalping the Duck

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1/23/09
That was a nice (and quick) profit!

We entered AFLAC (AFL) with that in mind and “scalped” $2.13 for a 9.3% profit this morning. We have been watching an interesting phenomena with stocks getting crushed, moving through all the programmed trading stops and then charging back in a day with a huge upswing. We positioned ourselves this morning to watch for a move as if this would occur, it would be fast.

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As there was news coming out about their “terrific” cash position and sturdy balance sheets, shares started to jump. We got on board quickly and once the shares appeared to be moving towards overbought, we added a trailing stop.
Profit – $ 2.13 ( 9%)


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