May 8, 2013
Sold 400 of my 500 shares of PERI at 13.21. It’s earnings season now, and I don’t like the emotional trading going on. As I mentioned yesterday, there are big moves up when earnings are better than expected, and big moves down when they are not.
PERI does not seem to be continuing its breakout, so I decided to take some profits off the table. I am very wary of holding this in front of its earnings on May 13. Keeping 100 shares. Profit on the 400 shares is $168.
I also moved my stop-loss order up to 12.95. If it falls below 13 it will be back in its base and the breakout will have failed.
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