Monday, October 20, 2008

Sell Stop: (THOR)

I stopped out on (THOR) today for a 4% loss, about a 1% loss for my total portfolio.

This stock is still on my watchlist, so the only real self review I have is that I could've played it more conservatively and purchased as the stock was making a new high at $29.82 (I still have this option).

Nonetheless, this is a volatile market without any clear leadership, so any buy is riskier. I chose to take a chance and protect my capital with a tight stop, and that's what happened.

-Geoff

No comments: