Wednesday, October 24, 2007
BCR Buy...
Slightly unusual situation. I did mention the alert on BCR in a recent post, and today, the stock just tanked after missing revenue numbers, so I officially bought a 1/2 position. The tricky part is if I had bought the call option, I'd be down ~20%, but at the same time, I still like the story and like the stock even better down 6%. I am slowly understanding the need for patience, yet the need for action--if there is one constant in investing, it is the juxtaposition of very powerful emotions (fear vs. greed; patience vs. action).
So, bought $100 worth of BCR in my folioFN account (1.2 shrs or so) and will be looking to add more if the stock falls to ~$77. A 12% stop loss would be around $60, but would not be known until the second 1/2 of the position is bought.
Crazy times...
Masterjaz out
So, bought $100 worth of BCR in my folioFN account (1.2 shrs or so) and will be looking to add more if the stock falls to ~$77. A 12% stop loss would be around $60, but would not be known until the second 1/2 of the position is bought.
Crazy times...
Masterjaz out
# posted by Masterjaz Out @ 8:49 AM 
