The Art of Selling

I don’t know if it is an art, luck, discipline or a combo of all three, but discipline is the most important.

When that piece of shit Synaptics dropped $20 points without an announcement, I made the rookie mistake of piling in with calls. The stock got a ‘Downgrade’ and fell another $9. Quite a fall for a downgrade after a 30 plus percent fall into the downgrade. I sold for a good sized loss at $33 ish. As you know, I hate this company now :) . Today the stock is gapping down another $8 to $23 on some news. Finally.

If you buy busted stocks, the news finally comes out. All I can take from this brutal company’s behavior and stock is a lesson to hopefully pass on.

This news was so known. I take it as part of the business and my mistake, but this company’s management is bad. This is the second time they have juiced it and killed it.

Component stocks are for putz’s.

33 percent of all stocks roundtrip. You need to learn how to sell so you don’t become a statistic. If you own enough stocks, you will look back over time and find them delisted. If you learn to sell, you can just watch them or hear about them on CNBC.