Lines in the Sand

I sold out of BALT for an 8% one week loss. I also sold out of RBCN, for a 1.5% loss. I sold RBCN because of the pin action in GTAT, after an analyst downgrade. Naturally I disagree with him, but the price action rules the roost. With regards to BALT, lines in the sand will be adhered to, no matter how I feel about the stock.

In the past I’d average down in BALT and possibly end up banking coin on this trade. But things are different now and I cannot afford major draw downs. With the proceeds, I will be looking to buy dips. But I will be patient.

On the other end of the spectrum, my LEJU position is now up more than 15%.

4 Responses to “Lines in the Sand”

  1. I sold out of everything except a few solars and penny stocks and got some sweet sweet NFLX puts.

  2. Am I missing something? Sold RBCN on pin action from GTAT?

Comments are closed.
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Lines in the Sand

I sold out of BALT for an 8% one week loss. I also sold out of RBCN, for a 1.5% loss. I sold RBCN because of the pin action in GTAT, after an analyst downgrade. Naturally I disagree with him, but the price action rules the roost. With regards to BALT, lines in the sand will be adhered to, no matter how I feel about the stock.

In the past I’d average down in BALT and possibly end up banking coin on this trade. But things are different now and I cannot afford major draw downs. With the proceeds, I will be looking to buy dips. But I will be patient.

On the other end of the spectrum, my LEJU position is now up more than 15%.

4 Responses to “Lines in the Sand”

  1. I sold out of everything except a few solars and penny stocks and got some sweet sweet NFLX puts.

  2. Am I missing something? Sold RBCN on pin action from GTAT?

Comments are closed.