Jumped into CVO about two weeks ago @ $3.80. Stock broke
out and ran to $4.20's; decided to keep a wide stop @ $3.88.
Yesterday I was taken out on what appeared to be the final trade of
the day, right at $3.88. Today, well today the stock soared
to as high as $5.20 (currently trading around $4.88).
I guess its not my day. Still working on
perfecting those stops. And yes, I can laugh it
off. What's the alternative?
Posted by parkridge77 on 1st of Mar 2012 at 12:36 pm
OR..... you could think about what I did-- went long 1,000
shares of APPL at 86 and sold at 105 --- thought at the time
I did real well post crash- NEVER got back in-- lol. Ugh- but it is
what it is. 70% of the buy/sell in market is
black box. Tough to time the market --why investors do what they
do. Retail should be grateful they have the opp to trade like
this- market was never designed for the little guy to particpate
like this--- armchair income.
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CVO - sometimes life is anything but fair
Posted by RichieD on 1st of Mar 2012 at 12:23 pm
Jumped into CVO about two weeks ago @ $3.80. Stock broke out and ran to $4.20's; decided to keep a wide stop @ $3.88. Yesterday I was taken out on what appeared to be the final trade of the day, right at $3.88. Today, well today the stock soared to as high as $5.20 (currently trading around $4.88).
I guess its not my day. Still working on perfecting those stops. And yes, I can laugh it off. What's the alternative?
http://stockcharts.com/h-sc/ui?s=cvo
WELL be happy you made$$
Posted by honzer on 1st of Mar 2012 at 12:27 pm
OR..... you could think about what
Posted by parkridge77 on 1st of Mar 2012 at 12:36 pm
OR..... you could think about what I did-- went long 1,000 shares of APPL at 86 and sold at 105 --- thought at the time I did real well post crash- NEVER got back in-- lol. Ugh- but it is what it is. 70% of the buy/sell in market is black box. Tough to time the market --why investors do what they do. Retail should be grateful they have the opp to trade like this- market was never designed for the little guy to particpate like this--- armchair income.