Open Trade!
Our trading team have picked the stock based on reports from our StockMagnet software located at http://watch.a3union.com as all our previous successful trades. Countrywide Financial Corp. (NYSE: CFC) have decreased in price first but increased shortly after Bank of America announced their plan to invest $2 Billion in the corporation. However the volume has increased and our software generated an alert a day before that, which later lead to serious profit.
About 450,000 of shares have been purchased on Wednesday afternoon right before the market close, with intentions to hold 'overnight'. All shares were sold next trading day during the morning market hours.
As A3Union capital is getting heavier, it is not that easy to sell all the shares at once, without affecting the trend of the stock. Therefore we had to be extremely careful and sell about 80,000 shares per hour. Total profit generated - over $1M or 9.8%.