Thursday, August 2, 2012

flop show with KCG

There was no need to touch this stock. It just got out of hand and there was not even a stop loss. Wow!!

Bad trade. The market did what it did. Never buy a stock going down. I broke the rule and it burnt. It was a stupid mistake.

I was deceived by the early spike in price to 4.30 cents. That was obviously the shorts covering in the morning. When a stock falls this big like 50 percent don't you think some shorts are going to cover and there is going to be a initial price jump???

What a stupid mistake.

I should have just stayed with ARNA where I made good money.

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