Replies to post #140500 on Naz News, Gappers and FLE''s

[twelvebuttons]

hey JWALK,

Congrats on a great CROX trade...wow were you lucky - I never thought 50 would hit..but what happened to it on Thursday was two-fold..CRAMER came out and BASHED it on his show - cut a shoe to make the point that it was OVER get out now..then around 11 pm a news item broke that the company was buying back shares...Friday I though the share buyback would affect the price more than it did but due to the citibank mess that took the whole market down, it didn't do much ..if it had not been for the weak market, I think CROX would have at least had a healthy DCB.
I literally watched it all day..
I got some around 44 and sold at 47. Several weeks ago, in order to raise cash, I had sold the bulk of my crox at 60 or so and missed the 70 run but happy to bail on the rest..this one will take a LONG time to recover, and then it's never quite as it was...I am NOT holding any more high flyers thru earnings ever again. Lesson learned.
This ain't your grandma's stock market...what are you trading tomorrow? 12b

[Newly2b]

Nice trading, jwalk. Thanks for sharing. I didn't even notice CROX (which I also had never traded before Thursday) until it was already down over $25, then I just scalped it over and over Thursday and Friday.

Agree with the four points you stated completely. That has been my experience as well. Like you, before I enter any trade for longer than a scalp (a scalp just doesn't allow time for much analysis but requires quick reaction to what is unfolding at the moment) I want to know my potential entry point, target and stop/loss. Once my entry is hit, I can put in a One-Cancels-All order with my S/L and Target prices and that frees me up to concentrate on the next trade.

Newly