25th-April-2011 -

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
						3 years

 

Reason for Buy / Sell / Sell Short / Buy Back:

1. A big lesson learnt

Lesson Learnt:

1. This is one stock that I hold on for 3 years that has witnessed the collapsed of US financial system due to the subprime issue.
2. Even though it does not go through the entire emotional cycle of stock waveform, but it is almost there.
3. There are many things to learn in this 3 years lesson:
1. Stock that is fundamentally sound MAY get back to your previous purchased price (remember, no guarantee).
2. The period for the stock to go back up can easily take twice the time for it to reach bottom.
3. You will waste both the time and opportunity if you hold on to stock this way. It comes together with mental torture too.
4. A proper stop loss would have save life, time and sleepless nights.
5. Stupidity is the only word to describe such a trade.
6. This is the price to pay for not obeying the traders rules. 

Intraday Chart

-NA-

Historical Chart