In 01/22/10 Out 02/2/10
Purch 1000 hpq 50.64
Sold 1000 hpq 48.65 -1999 -4%
This trade is instructive in a variety of ways. First we were on a 15-0 run on these trades and this one demonstrates what can happen in a losing trade. Oversold market along with an over sold stock is a percentage trade but far from a sure thing!
Next it also demonstrates when a stock turns around how fast it can move. We had an 8% loss and in two days cut that in half to 4%.
For the person that sent me the email i commented about earlier he would of gotten out yesterday and missed 1.5% of the rebound that occurred today.
If anyone has any questions concerning the above please feel free to email me