I cut my loss today after selling Meridian Bioscience (VIVO) at $23.87. I bought these shares on 10/2/09 with an assumption that Meridian would hold its 50 day moving average and continue its path up. When this scenario doesn't pan out, I have to be discipline and sell even at a loss. Although the loss was less than 1% gross, taken fee into account and net loss was 3.5%. Not all trades turn out the way you expected. Since this one is in my "trading" account, I must be discipline and keep my loss small. The chart below show's the detail.
Earning Release
Carlisle Companies (CSL) reported a better than expected earning this quarter. Below are some of the headline news for Carlisle.
Judging by the heading, you would think share would skyrocketed. Yet, share fell 10%. What gives? Share price was priced for perfection and any short fall will hammer the stock. Franky, I can't figured out why the stock was sold off other than it rose to far too fast. For this reason, I prefer to search for stocks that is at or around 52 weeks low.
Chart below shows a 6 months performance of Carlisle which rose from sub $21 to as high as $36, a +70% move.
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