Friday, December 11, 2009

Bookkeeping: Stopped Out of [Most] Fuel Systems Solutions (FSYS)

Posted by TraderMark at 11:51 AM TweetThis
Well that was quick; I thought I set a quite loose stop down at $41.90 for Fuel Systems Solutions (FSYS) after increasing our position yesterday, but it's already been hit; we were not in our larger allocation for 24 hours.  Now that the 50 day moving average has been pierced (intraday) we have to see if it closes below that level.  If so the odds of this becoming a short rather than long increase... and the gap might be coming in play (so many stocks have ignored their gaps for so many months)




A case example of when momentum stocks go bad; stock is down 20% in a day and a half.

All but 100 shares were sacrificed to the market gods, at a loss of 7.9%

Long Fuel Systems Solutions in fund; no personal position

Posted by TraderMark at 11:51 AM

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