RichKid said:
hope your stops are keeping it tidy
Well there's not much stops can do about a gap down of more than 10% (it actually opened at $1.61, but closed up a bit at $1.65). I'm still holding, since the damage was already done once I noticed it, and I hoped it might pick up a bit at the end of the day. I'll see how it goes tomorrow.
I'm sure your other runners will be keeping you going for now
I certainly can't complain overall, especially considering how long I've been doing this, but sometimes it does seems nearly everything goes against you
Like also today: yesterday I sold off a few under-performers that looked like they were starting to go down. Three of them have today jumped back up significant amounts to put them back in the green zone for my trades (meaning I wouldn't have sold them if they'd been there yesterday). And today I bought some more, choosing a few out of about 20 or more possibilities. Three quarters of today's purchases have dropped since I bought them, while most of the alternate choices that I didn't buy have all gone up.
And as always, it seems that stocks have a habit of breaking out of trends within days of me buying them - whether that's from a two day breakout or a two year established trend. Of course I know this is only a matter of perception, in that the failures stand out but the steady gainers don't, and my figures at least show that overall I must be getting something right
Thanks. I'm actually back on PDN now, sitting on another 13.6% gain since I bought it back in late August.
My biggest absolute gain is currently with IWL, although I've had that since early July, so it's probably not my highest rate of gain.
Cheers,
GP