I was caught out of position today in FSLR and as a result was stopped out for a single day 6 percent loss. Listen closely, it happens. The way I chase momentum, about 1 in 10 trades does this to me.
If you recall, I bought two solar names yesterday, YGE being the other name. Interestingly enough, this position is sized the same as FSLR. But pull up the two charts and you might be able to see why one stopped out and the other didn’t. I’m not saying YGE is a sure winner here, the trade is still in question, but it is/was a better bet than FSLR yesterday at 3 pm.
CREE burned me too when it melted its heat sinks and lit the ceilings on fire here in la casa de Raul. I will go to hell and back with this name though, extra devil.
Every other part of my book sucked less, which is good. YY is at an important junction. This junket may have already reached its destination as they say, but I would be remiss if I cut it after one day of selling.
My largest position performed admirably. Well done HMIN, may your holding out for better days be met with strong accumulation. I’m talking to stocks again…I need to bring this up next time I see my therapist.
I closed out the day with cash elevated back to 35 percent.
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DANG held up relatively well today…”dat bitch got some junket in the trunket” as they say…RENN not so bad either. Y ask Y?
They’ve certainly been the holdouts amidst this weakness.
good FSLR sell.
Thanks Rage, these weren’t the conditions for me to press the edge of risk, yet.
Oh, they did a secondary, now I see what you mean!