Wednesday, January 6, 2010

Good Bob, Bad Bob

Our trading accounts were fed a slug of Chinese solar manufacturer Renesola (SOL) just before Christmas at @ $5.04.  Bad news:  I panicked and sold a quarter of the position for a small loss on recent weakness, only to see it explode again to the upside.  Good news:  we still own 75% of the original position.
Lesson:  Scale in and scale out unless there's a really good reason not to.
SOL is @ $5.70 at noon today.

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