Wednesday, February 26, 2014
Sold ESRX
Results on the 24th were below expectations, ESRX gapped down on 2X average volume (not shown in the chart) and is now below 50 EMA. I thought the results were OK, but the market reaction is what counts. Although it has not broken the uptrend, I am uncomfortable with the reaction and cut loss. Sold on Tues 25th 360 shares @ $74.34. Lost about USD 530.
I bought because it was going up. It stopped going up.
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