We were stopped out of these stocks and my plan for TRID and UCTT was to buy back in. Well, I waited 1 day too long and they bounced back and then some: TRID up 20%, UCTT up 10%.
And that's a valuable lesson: if you do use STOPs then you must watch the market daily to time re-entry. Re-entry of course assumes that the stocks went down because of market malaise and not stock specific issues.
As someone pointed out so candidly, STOPs don't always save you money.
Congrats Andrew. As I had thought too TRID did fly today and am just kicking myself as to why I put so less when I entered at 17.25$. However, am debating what the stop should be. Do you see institutional accumulation continue for a few days pushing the price above 21$?
ReplyDeleteTRID did pay off. The options clearing clarification did help. However I sold 50% of holding at 21. What do you say of other ? Hold or Add more on downside ?
ReplyDeletenow since GLW and TRID came up nice. What is you take on ZRAN.. I know u used to follow it before. It near yearl low and due for earnings in next few days(weeks)
ReplyDelete