Tuesday, January 15, 2008

A fast death...

Obviously holding on to the MA trade wasn't a good idea. After the initial decision to wait until the earnings release at the end of January, on Friday when I checked the close (obviously I haven't been trading due to falling wayyyy below the margin requirment) and saw that MA had dropped a tender 20 points, I was obviously left with nothing to do but hold it out and probably not trade for a very long time. I never do learn my lessons, but one thing I have leanrt is never wait till it goes wayyyy down, then sell it. If MA gets above 210 on earnings I'll sell it. If it gets anywhere, I'll probably sell it. If it goes down further, I'll just be waiting for the call...

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