I got out of MIKR on Tuesday at open. Monday it beat earnings, spiked
up, then fell 30%. Yowzas. That put me down 7% below my initial buy
price. The cool thing was that I had a limit sell order in for 21.98
and the high of the day was 22.37, so I sold 1/4 of my initial stake at
40% gain (after selling 1/2 at 20% gain). So the 7% loss was just on
1/4 of my initial position. I'm liking this partial sell setup.
I also got out of UCTT. It fell below the 50dma and recent support
levels. It might come back, but I wipe my hands of it. This was the
right move. It never did anything but setup lower bases. Not what I
want in a stock. I can pick up something better, like AB.
I'm also selling some of my NSTC. It had a big gap-down this week after
being downgraded, I guess, but has found support at the 14.50 range,
which is also the level it found in early Nov, so I'm holding some.
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