CLB & TRID
We hit our sale price on CLB yesterday after just buying back in.
I may buy more or hit on ATW or sit on the cash, we'll see. Hell, I might even buy more TRID.
TRID I really messed up on. It doesn't matter that I feel confident that their fundamentals are super strong. What matters is that this is one stock where fighting the market has not worked for over a year. I won't say I never do it because sometimes I do know better: I stayed with ILMN even when LR was stopped out in the 30s - it hit 60 recently.
At this point, I won't sell. I foolishly did not lock in a STOP because I didn't think it would drop much if at all after earnings.
I made this exact same mistake in 2000/2001: I didn't see how the stocks could drop 'that much'. This is my reminder to always be careful. And the timing couldn't be better in a volatile market.
I may buy more or hit on ATW or sit on the cash, we'll see. Hell, I might even buy more TRID.
TRID I really messed up on. It doesn't matter that I feel confident that their fundamentals are super strong. What matters is that this is one stock where fighting the market has not worked for over a year. I won't say I never do it because sometimes I do know better: I stayed with ILMN even when LR was stopped out in the 30s - it hit 60 recently.
At this point, I won't sell. I foolishly did not lock in a STOP because I didn't think it would drop much if at all after earnings.
I made this exact same mistake in 2000/2001: I didn't see how the stocks could drop 'that much'. This is my reminder to always be careful. And the timing couldn't be better in a volatile market.
posted by Andrew at
5:32 AM
7 Comments:
I agree, its best to stay with TRID, as the damage is already done and its almost 7, with a cash position of 4 per share. It might go down again. I have lost a bunch on Jan 20 calls too.
I am going to stay until it comes back to 18.
Time to move on from TRID.
I laugh at myself as I am saying this but I am glad I placed the sell order AT market open to cut my losses as much as I could. Dropped another 10-15% since then.
Unbelievable. Real world.
Do you think it will rebound ? If so when ?
Do you think they will rebound ? If so when ?
I know lot of folks lost money on this Stock .. Sad but we learn a lesson when that happens.
My total loss is not huge but I can’t get a Tax write off on whatever I lost because I own this in Roth IRA a/c.)):- …and I don’t want to buy it again now ..I’ll wait till the Fed decision because If there is no Fed cut this stock might go below $5 .
I just landed in Europe and found that TRID is now $7. I have basically lost all of my gains elswhere.
No point in selling, the panic is done: they are now selling for less than their revenue.
Will they re-bound? Of course they will. But for now, too many fingers have been burnt, including mine.
Any comments about TIE? Apparently, market isn't too thrilled with their last earnings. Is it still time to buy more as it has dropped quite a bit since last earnings?
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