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Thursday, 4 December 2008
Buckle (BKE) "Trading Transparency"

Just a very quick note to update you on my Buckle (BKE) stock, which I absolutely love, but have learned to part ways as "friends" :).

Doug S. dropped me a not earlier warning me about the technicals, but I used my old strategy in a very difficult and unfriendly market that turned around and headed lower today.

I sold my 143 shares of BKE which were purchased just hours ago at $24.3968, at $22.0132.  That is more than an (8)% loss and being in position 6-20 of my portfolio, it is my loss limit.  Anyhow, they are history.

It is unfortunate that a 'favorite' of mine should disappoint like that.  But I remain committed to limiting losses, exercising trading discipline, and recognizing trading mistakes as soon as possible.  I also am committed to sharing with you my own actual trades as foolish as they may sometimes appear.

Please feel free to comment here or email me at bobsadviceforstocks@lycos.com if you have any other thoughts.

Yours in investing,

 

Bob


Posted by bobsadviceforstocks at 2:24 PM CST | Post Comment | Permalink

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