Well, I screwed that one up!
I had a nice tight stop set on CR:
The stop was under 2%. Well, I recorded the stop price, but I somehow failed to actually send the stop order! I woke up about half an hour after the open to find I still owned this pig more than half way down the big black stick. The lesson: SET THE DAMN STOPS! The other important lesson is to sell. Don't wait for the market to correct the mistake. There may not be that magic bounce to bail me out. I sold for more than an 8% loss (sigh) and the thing just kept right on plunging. As I type, my loss would be approaching 10% had I held, hoping for some help.
As for earnings, obviously the CR numbers didn't blow anybody away. Well, except for me a little I guess. That one is down big. AMZN is up nicely as expected and CHB is up nicely, waiting for their conference call.
CR is KILLING me this morning. Oh well, it could have been a gapper with the same result. Lesson learned. Or mistake not to be repeated at least!
The stop was under 2%. Well, I recorded the stop price, but I somehow failed to actually send the stop order! I woke up about half an hour after the open to find I still owned this pig more than half way down the big black stick. The lesson: SET THE DAMN STOPS! The other important lesson is to sell. Don't wait for the market to correct the mistake. There may not be that magic bounce to bail me out. I sold for more than an 8% loss (sigh) and the thing just kept right on plunging. As I type, my loss would be approaching 10% had I held, hoping for some help.
As for earnings, obviously the CR numbers didn't blow anybody away. Well, except for me a little I guess. That one is down big. AMZN is up nicely as expected and CHB is up nicely, waiting for their conference call.
CR is KILLING me this morning. Oh well, it could have been a gapper with the same result. Lesson learned. Or mistake not to be repeated at least!
posted by mccrok @ 7:28 AM
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