Dude, dig the hole deeper lol, anyone can go over to ragingbull and read your posts from '99. Hopefully you get how stops work now ;)
Here is me explaining to others the use of stops:
ragingbull.lycos.com
Agree, in fact those who follow my posts here, may remember my entire post dedicated to the proper use of stops. That been said I always use atleast a mental stop, and failed to do that here. I know too from personal experience on the few times I have used them on this animal the MMs scalped me and ran, forcing me to play catch up. Can't win them all.
OT: Not sure what this will prove since I am unsure why many are suddenly curious and/or hostile to Stewy, but we can settle this right here. When entering the main entrance at Nepean, what is the first thing you see? What is the color of the cafateria? Don't have to answer anything, you can alwys plead the fifth.
Sharck
Those who follow my calls here on RB and more recently on www.wallstreetstand.com know my track record speaks for itself. This weeks calls NPNT, CNQR, COVD, RTHM, CMTN, ROWE, BBY, and NMSS all up 30-150%. Those with good memories will remember I called both past splits on the day they were announced. That been said, everytime I hear people getting giddy over a stock, saying it can't go anywhere but north, that's when I tighten the stops, look for the exits or short. I made an exception here and of course longterm, JDSU is very much a winner. That been said, capital preservation must always be a priority. The recent sell off is not unique to this holding but fairly widespread in the B2B sector. Even the institutions will take some profits off the table, and after such a meteoric ride, PPI and FOMC around the corner, and a tightening bias from the fed, this should have been very much expected. Lesson of hard knocks, the vast majority of daytraders and fund managers don't know Stewy from a hole in the wall. Don't blame anyone but the guy in the mirror for a sudden blimp and a heart break on the long and prosperous road to JDSU riches. Always use stops,
Always trade smart,
Sharck |
