Monday, December 6, 2010

Underwater...

My early entry in RVBD could not have been worst. I basically got in at the top today and then was forced to watch the stock cascade lower for the entire day. After what happened in NXPI on Friday, I was afraid that RVBD would sky rocket with out me. However, what I should have done was to wait for a pull back on the 5 min or 15 min, like RVBD is forming now, before getting long. I wish I was perfect but hey thats trading for you!

So now I am hoping RVBD finds support at the top of this flag and bounces into the close of trading. Other wise if it closes negative then I'm afraid I'll have to close the position out for another huge loss.


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