In this market you gotta limit your downside with predetermined stops. Mine was at 39.51. On a very small position. I'm not sure why CMED is down so much today. Looks a bit fishy. No news. CC announced far off from now so perhaps shorts feel they have time before a catalyst comes. There may be opportunity here with again a very small position. Or not. Perhaps I will wait out the earnings week especially tonight's earnings.
Often nothing is best.
Dug is down a bit. Again a very small position. Stop at 32. This will turn eventually but careful don't fight the trend. Long term bear market trend. Medium term oil market bull run. CMED short term down trend probably will reverse.
Again the beauty of small positions in uncertain markets and predetermined tight stops proven today. The capital is there for the real opportunities when they show up.
This blog is for informational purposes only. It does not give investment advice.
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