Yeah, yeah, yeah - after I sell down my position to a 1/4 holding the Bastards come out with the news. Unbelievable. Take a look here if you are interested in reading about it.
http://biz.yahoo.com/ap/071029/avanex_pirelli.html?.v=1
This is the reason to not liquidate holdings all at once - scale in and scale out. This does not apply if it is the first position taken and it has experienced a 25% draw down (toss it under a bus at that point). Now the question is whether or not to re-establish a position. Earnings are coming up on Thursday. I will hold until then, listen to the conf call, and then decide its fate.
Nice run today.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment