aarrgghhhh….b*ll#x
Autonomy Corp, rose 7.1% today to close at 1376. I blogged on 15th April (after my 1300 stop had been hit), that I was going to monitor this stock and ‘see what happens‘.(See graph left – my analysis from 22nd April, looking at 68% Fib retracement)
Well now it’s bloody clear what’s happened! The pro’s forced the stock down, taking out the weak hands, before piling back into it on expectation that it was going to beat Q1 forecasts. Today, it duly beat Q1 expectations and rocketed upwards.
What is even more galling, is that last night I analysed the stock (as well as Centamin and Wellstream, but decided to place orders for Centamin and Wellstream only!!
I’ll say it one more time – b*ll#x
That’s better, I’ve moved on now….(& for the record, its now too far from value to consider partaking!!)
And the chart today, after its mammoth 7.14% gain!
Anyone got a story like this that the want to share???
Don’t feel too bad AtticMan – I’ve had my eye on this one too and I concluded not to buy. The stock broke through trendline support and looked bearish for a few days. As it turned out it was a bear trap. The good news is that more obvious opportunities will come along soon enough.
Thanks 350! I needed to rant about it to get it out of the system! Part of developing as a trader is in the understanding that the markets always present opportunity. But it can still be a bitter pill to swallow, when you miss an opportunity you knew you should have taken.
AtticManTrader