bastards over at CMRC are felling about now ! The stock split this week & then opened over 200, closed last night @ $256, gapped up big this morning & drove hard all the way to $331 then literally collapsed in the last 1/2 hour down to $250 ... a freakin 80 point drop ! There are some poor bastards over there ready to shoot themselves.
I am long CMC with an average cost of 34....nice. I added more at 206 and 302, but I used trailing stops to take me out profitably of the positions that I added recently which it did. So I made $$ and I still have my original 34 lots...Anyway, to get into that stock and not use trailing stop losses is suicide. the selloff there just confirms the fact that it was a Nazwide selloff and that is ok for BVSN. But like mentioned earlier, if a selloff does occur it can get ugly on the Naz rather quickly. I sure wich that I got into BVSN at 34 rather than where I did get in..rather late