Thursday, August 7, 2008

Sell Stop:(UTHR)

Once again an add-on buy only increases my losses. I stopped out of both my positions on (UTHR) today. I still think this stock will eventually do well, but I had decided that if it couldn't hold the $110.18 buy point I didn't want to own it. That's exactly what happened, and I took about a 4% loss on my positions.

The market looks very ugly today, with now two distribution days logged on the NYSE indices - the financials continue to weigh.

As of this moment (THOR) is looking good though, up around 5%. If I can just get to a point where I'm right half the time, my results will start to improve pretty dramatically. I just need to book a few 20% gains.

-Geoff

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