With 20/20 hindsight, I got away with it. I was shaken out at 7.80 last Thursday. After I sold, I watched with sadness as the price drifted higher. I was certain it would gap down the next day, which of course it didn't. Yesterday I was lamenting to my girlfriend that I didn't have the guts to stick to my exit strategy, "get out if it falls 10 cents below prev. day's close". She said "Don't worry about it, at least you don't have to get up like a fool every morning to call for quotes". Then this am I was seriously going to get back in with 2-3 K shares, and saw the gap down. I guess I have to consider myself lucky that I share some of my chromosomes with members of the poultry family. Cajones of hierro (balls of iron) I don't have! I'm looking to short Krispy Kreme...if only their doughnuts weren't so satisfying. I can eat 'em in one bite! I'd really like to know how the insiders made out. There must be some record of who was trading, and if it was the insiders trading with each other there must be some law against that.
Note carefully my premonition was justified. All kinds of posts,. showing profits, timing brilliance, lucky exits, or losses so trivial as to be meaningless. No one saying they lost serious money. lol, nauseating and transparent.
Regarding the recent posts being devoid of tales of huge losses: It's just human nature to accentuate the positive and de-emphasize the negative. You don't see a bunch of laid off execs walking around the streets telling everyone how they lost their jobs, but you do see proud workers telling others how they got promoted. The stock chart speaks for itself. It's painfully obvious that many lost a lot of money, and that's just the way the stock market is. You want a steady paycheck, work for Nordstrom or McDonald's or Hewlett Packard. You want to match wits with the best and the brightest, play the market. It's my experience that each and every dollar I've taken out of the market (and I admit that I am still in the loss column overall) was really tough to pull out. It's a rough game, and there will be casualties. Let's celebrate the victories and condole the battle weary.
Bitstream is just sorry that he was clearly warned by someone much smarter and failed to respond intelligently. Who can blame him. And I have 30 more posts than him, another sore point I'm sure.
u come across as a very bitter guy, i dont know what's your problem but u always very negative towards posters. i just cannot comprehend what possibly could have happened durin' your adolescent yrs but sure it left a scar. u ain't smarter than the average iq here, i knew well what could have happened and already stated that was ready to lose it all. maybe a hundred bucks loss is a huge sum of money for u, but it ain't for me. i can ask ib reps to back me on the outcome of this trade if that's enough to make u stop bitchin'.
I had my stop set as a trailing 1%. Hoping for a warning wiggle before any kind of gap down. I was starting to become nervous about the stock in general over the past week because of its price gains. The smooth-sailing friendly chart was spiking too high. So we did have our warning signs- to some degree- I am really curious to know what brought the price down, and if it had anything to do with the retirement of Herbert Hirsh from the Board of Directors of the Company. Fortunately they didn't go bankrupt to 0, and unfortunately it gapped. It was fun while it lasted. All best wishes
IS this stock shortable right now? Now that it is done going up, perhaps it will do the opposite well enough. The beautiful graph has been broken! I didn't know if the day would ever come.