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Today I learned another lesson :(. Stick with your strategy especially when it is working. As much as I like Kendle (KNDL), I will not let the loss I have grow. I do think the selling is overdone, but I cannot continue to fight this one. It is very important to recognize mistakes early and keep losses as small as possible.
A few moments ago, I sold my 800 shares of KNDL at $25.41. These shares had just been purchased (see the prior entry) on 7/27/06 at a price of $28.48. Thus, I had a loss of $(3.07) or (10.8)% on this investment. Even though I did not stick to my rules on making this purchase, I shall be sticking to my rules on limiting losses! And exceeding an 8% loss, I pulled the plug moments ago.
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