Fyi... only sharing
Went long on SIRF at $ 9.00. Lost $1500.00 at $8.46. Stock never really stabilized and slid further.
However, was able to recover same amount on long - SNCR stock.
Thanks,
C.S.
Notablecalls: Yeah, messed up on SIRF. Looking back, I should have issued a short sell call on it when it was trading around $10 in the pre-mkt. Going against 6-7 downgrades is just foolish. Sometimes is just doesn't pay to be a contrarian.
It's pretty tough out there.
Cutting back average position size is usually the best way to survive periods like this one. It all comes down to money management, believe it or not.
Went long on SIRF at $ 9.00. Lost $1500.00 at $8.46. Stock never really stabilized and slid further.
However, was able to recover same amount on long - SNCR stock.
Thanks,
C.S.
Notablecalls: Yeah, messed up on SIRF. Looking back, I should have issued a short sell call on it when it was trading around $10 in the pre-mkt. Going against 6-7 downgrades is just foolish. Sometimes is just doesn't pay to be a contrarian.
It's pretty tough out there.
Cutting back average position size is usually the best way to survive periods like this one. It all comes down to money management, believe it or not.
Tough day all around. I suspect SIRF would have done a little better in a more stable market.
ReplyDeleteAlmost nothing did well today; GOOG LVS WYNN excepted.
I forgive you on SIRF as obviously you are no better than the next man on short term punts, but I do not forgive you on repeatedly pumping RFMD up at 6.0
ReplyDelete