Closing A (Very) Bad Trade on Travelzoo ($TZOO)

By: ispeculatornew
Date posted: 04.17.2015 (5:26 am) | Write a Comment (1 Comment)

Well, it’s bound to happen once in a while. When shorting a stock, the two terrible things that I always fear are the company being purchased or having a breakthrough in earnings. Yesterday, that second scenario happened as Travelzoo (TZOO) announced solid numbers which I will be digging into this weekend if all goes well. In the meantime, that trade easily reached my stop loss and I’ll be closing the trade which stands at -56%! That actually brings me slightly into negative territory for the year, unfortunately.

FB data by YCharts

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This entry was posted on Friday, April 17th, 2015 at 5:26 am and is filed under Free Stock Picks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

1 Comment

Comment by Ken — April 17, 2015 @ 1:06 pm

Please consider using an interday stop of some kind.

Otherwise you could get really caught in an even bigger adverse move some day.