24 hours ago, I was looking long and perhaps greedy in trying to squeeze every drop from (ABK). When the markets opened today, I was on cloud nine was the stock was strongly over $3/share ($3.39 to be exact) before the fun stopped.

Profit taking, and a note from JP Morgan began to take center stage and although I was willing to walk away with a 100% profit, why would I not get out now when I see the knife falling? As soon as I was able to get to a computer, I started to dump my shares and managed to get out before the stock took a serious swing towards the red.

(ABK) it seems, according to the JP Morgan note, still has a lot of negative qualities (read this article)

Summary:
Bought: 4700 shares @ $0.66
Sold: 4700 shares @ 2.61

Total profit on (ABK) = $9165

With this profit, I have begun to watch another stock that looks tempting. Although it does have a strong risk, the swings are interesting on AMCORE Financial (AMFI). I actually had plan to get in at $0.65/share and the stock did begin to drop towards this price before touching $0.70 and moving back upwards. I can see this stock pull down again before another run up. If it does not happen, I’m not going to lose any sleep.

Happy Investing!

Aman, MBA

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