Ruckuss Wireless – stopped out

February 15, 2013
Stopped out of RKUS trade at 20.69.  Stock was down below 20.00 at one point.

RKUS

Lesson:  I missed the best entry point due to not watching it closely back in November.  My entry point was not ideal, and earnings volatility made the trade suspect.  I had a similar situation with Facebook.  Due to other commitments I missed the best entry point.

The hot money ran this stock up about 80% in less than a couple of months.  Their earnings were very good, but traders were expecting more, so they all bailed out.

The overall market is also poised on the brink of making new highs, but there is no oomph to do so yet.  So stocks are starting to fall.

 

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