Tuesday, January 11, 2011

mistakes were made

took a big loss in NEWN today - far bigger than I should.

What did I learn?

 NEWN has no institutional support, so I never should have bought to begin with.  Today the stock broke down on heavy volume... but my position was too large so the loss was bad.  It closed near the lows.   Also - it's a China name and those stocks are just too full of dubious people to be safe.   Otherwise, it really wasn't a bad day. 

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