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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.
ARMH 72.92-2.4%Oct 30 3:56 PM EDT
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To: zax who wrote (878)1/20/2011 11:32:06 AM
From: lml2 Recommendations   of 912
 
Good move. Mark of a good trader. Know when you're wrong & cut your losses, which you surely have & will.

Currently not long this stock. Have order in to enter short put position, which if expires in April in the money, will put me back into the stock under 20. Still risky, as stock trades @ very high multiple, but figure there is much support, longer term momentum in the stock, supported by good fundamentals that any drop back into high teens will likely result in subsequent bounce to levels that approach recent highs. JMO.
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