Revenge on Federated Investors

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You may recall that on Wednesday I got stopped out of FII at a really lousy price based on a completely bizarre intraday spike in the stock (I've pointed out where I got stopped out with the red arrow below).

Well, after taking a look at the chart, I decided it still was a good short, so – – in spite of the recent pain – – I re-entered the position. I'm glad I did, because today I covered (where the green arrow is), turning my frown about FII upside-down.

It just goes to show that even when something rattles you, it makes sense to step back, take a breath, and re-assess with as much objectivity as you can muster.

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