Well, it's the end of the week again, which means I officially lose control of the comments section. Let 'er rip, Bovine.
Slope of Hope Blog Posts
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Last thirty minutes of the week; time for PPT shenanigans. Crank up this tune and hang on tight. It should be our theme come this Autumn.
This is one of those "one that got away" stories that provides a lesson.
I bought Xerium (XRM) as a lottery pick early in May (see upward-pointing arrow). It looked to be on the cusp of a cup with handle breakout. I was disappointed that it didn't break out, and it actually sank away from the breakout point.
After a week, I grew tired of this stock "doing nothing", so I dumped it. There wasn't any technical reason for doing so (because I had bought it in anticipation of a breakout, so there was no "violation"); I simply wanted it off my screen since it wasn't performing. (Down-pointing arrow)
It took a couple of more weeks, but then the stock really took off – — just as I had originally expected. The lesson? Being bored is no reason to get rid of a position. Sometimes things take longer than you expect.