Monday, October 22, 2007

Stopped out of AKS, Sold all at 48.65

This is where fighting against history was a costly tuition lesson.

Seems the 20th anniversary of the 1987 crash kept all the buyers away. And when you're the only one standing against the trend, you will get crushed.

Mental note. Being early is the same as being wrong. Even when you know the precedent of a stock, the market does not care what you think. Once all of your cash is gone, you are out of the game.

No comments: