I agree, my emotions got to me and I didn't plan this well. Since it's only 1k shares I might ride it until I'm in positive territory...
Generally staying in a trade that was a mistake is a bad decision. I know you can only lose 2800 in the trade, but still that doesn't mean you should be nonchalant and just hold a trade hoping that it will come back and be a winner. I would just take my loss and move on, but that's just me. Hope it works out for you.
http://www.reuters.com/article/2012...eedType=RSS&feedName=globalMarketsNews&rpc=43 A court ruling in Texas is what caused it. And man they are a creepy company.
Yea, this is again a risky Stock so you are probably right. I will make my decision tomorrow or Friday. I doubt it's gonna go to 0 which would make me lose $2800, (got 1k at 2.85). Even if It goes down to 2 I still gained on my first trade...but let's hope it turns around for at least a few days
Sounds like the only two things America exports are dollar bills and name-brands.:grin: Not to D&D the thread but how does Obamacare play into Starbucks and Wal-Mart type employers in 2013? Will there be a rally I should be buying into? Should I be short selling on a correction?
from the article "Life settlement companies such as Life Partners buy insurance policies from people for a fraction of their value and continue to pay premiums, betting that they will eventually make a profit when the seller dies. The profit decreases if the person lives longer than expected."
My point had nothing to do with it being a volatile/risky stock. It had everything to do with the chart pattern and the massive up move and resistance that it hit and the reaction to that resistance. The reward simply wasn't there for the risk. If I am trying to get long up at that level then I am keeping a very tight stop because any significant weakness means the buyers are looking to unload and the support isn't strong. Additionally, you should really start to take notice of your own emotions when you are in trades. It's something that has worked out well for me, because I can trade off of other people's excitement or dejection with the market. There has been a couple times when you were getting excited about a trade at the top of the market. Not trying to sound like a dick, but it's just something you have to be aware of. Hope that helps give you some insight.
whoa, PCS surging 20% due to possible takeover by Deutsche Telekom. been long on PCS since the August 2011 drop.
Microsoft is announcing earnings tomorrow. It's trading at 29.50. Should I buy some more tomorrow morning before the announcement?
Yea, right after, collected I think a thousand or so.. but then made a few mistakes buying and selling from AAPL to GOOG to MNKD..now under water by 2k lol..fukin sucks
I like the Starbucks play I think and might get some myself to hold. Just returning from China, you can really see their growth there and the acceptance of Coffee. Other competitors aren't really capturing the market as well. I was also waiting a long time for Corning (GLW) to have a significant drop and think this might be the chance for me to get in. On the call, they predicted a continued weak and fall of the next 2 quarters but they are cash strong and glass demand is rather cyclical. Thoughts?
