Treehouse was recommended as a long buy on this blog on June 29, 2010. A parabolic stop took us out of the trade, made a bit of money and put it someplace else. We did not think too much of it until two days ago when the market gapped THS down hard.
Lessons learned:
1. Always use a trailing stop when possible.
2. Be grateful to get out of a trade with a little gain. It could be worse. Move on to the next trade.
The stock market: where gaps happen!
HANS Stock Market Chart for 8-7-2010
Fin.
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I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
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