Those of you who read yesterday's post know that after some deliberation, I took a position in DMAN on Friday. Long story short, this stock had fooled me many times before but I liked the odds of a breakout this time, so went ahead and took a position. This time things were going to be different.
Well, the stock failed again and I got stopped out for little over 1% loss. I must have played this stock at least 5 times before and have got stopped out all but once. I would love to hate the stock, trust me I want to, but I grudgingly have to give it the respect it deserves. I don't think any stock has fooled me more than this one, not even in my rookie trading days. For that, it deserves my respect.
But like a jilted lover whose numerous advances have advances have been callously spurned, I must bid farewell to this stock. I shall play this stock no more. I wanted to get this in writing, hence the post. Dear readers, if you ever find me playing this stock, feel free to hurl abuses at me. OK, just leave a comment. In fact, I am never going to mention the stock by its name again. Henceforth, if I have to mention this stock, it would be known as The Stock With No Name.
Take care and good luck!