LCOS
Well, I held on until Diller and Shithead came on CNBC, hoping that they were going to say something that would convince the market that Davis hadn't sold his shareholders down the river. I didn't hear anything, so I hit the button.
Total cost of the lesson: $18,905
Ever the philosopher, I can't help hoping that in the long run, this will be a positive event.
Last week I violated my discipline twice. Covered EGGS at 1/2 point loss, until waiting for 1 point, which, as it turned out, it never hit. On the contrary, I could have covered at the close for 1/4 profit. Had another in which I was ahead a bit, and didn't get out even, rode it down 1 point. So last week my mistakes cost me 1 3/4 points. Would have had an 11 point week if I hadn't made those two mistakes.
But evidently, the lesson was to cheap, and I ignored it. This one will be impossible to ignore.
Never again.
Jay
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