timothysykes

-$723 loss ZAGG Long Stock

Entry comments: Buying this multi-month technical breakout above 4.80, up on earnings last week & up on the Beats deal speculation with Apple, would make a nice buyout candidate, if Beats acquisition get announced tonight or tomorrow, this would be a nice sympathy play, goal is to make 10% in the next 1-2 days, not a volatile stock, low risk though, good chart

Exit comments: Gave it some time to have a delayed morning spike, but no dice, so I'm cutting losses on ZAGG...still above key breakout level of 4.80, but no overnight Beats acquisition news and no morning spike void my thesis for buying, gotta trade safe, still holding small longterm position

Received 2 Karmas
timothysykes
1
timothysykes May 13, 14 9:57 AM

@PolisB we didnt get the news I expected, we didnt get the morning spike I expected and you're buying below the breakout level of 4.80...gotta learn what gets me into a stock and out man, sorry for your loss

PolisB
PolisB May 13, 14 10:20 AM

Don't be sorry Tim, I lost total of $84 including commission. I learned from you to "Cut Losses Quickly"! This was another good lesson!

PolisB
PolisB May 13, 14 10:27 AM

And by looking at how ZAGG is dropping thank God I followed your Rule of Cut losses quickly, otherwise this could have been a disaster for me as my first trade as a Challenge student..lol

Coffee
Coffee Sep 24, 17 10:48 AM

Excellent Trade! Rule #1...

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spencerprice19

@timothysykes ADHXF...Been on my watch list since last weekend, Wondering what your thoughts on this stock is. It has broken its overall high ever since they added Adrian Haigh, and Khalid Islam to the board of directors. Currently at 1.42/Share up .64/Share from last weekend.

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