FEYE and CSCO trades, new Sell Stops
The new Sell Stop for FEYE will be the Low which occurred on Apr 14. FEYE Sell Stop is now $40.81. If the prices falls to or below $40.81 the Sell Stop becomes a Market Order and the 1,000 shares of FEYE would be sold off. Sell Stops can protect you against a big loss. So far the FEYE trade has not done well. We’re still in the game until the Sell Stop gets hit.
The new Sell Stop for CSCO will again be the Low which occurred on Apr 14.
CSCO Sell Stop is now $27.68. If the prices falls to or below $27.68 the Sell Stop becomes a Market Order and the 1,000 shares of CSCO would be sold off. Sell Stops can protect you against a big loss.
So far the CSCO trade looks good. It has hit a Resistance Level, but the trading volume has held steady. If it can fill the Gap which was created on Fen 12 2015, by hitting the price of $28.84 or higher, that will bode well for a further rise. The Feb 12 Low of $28.84 looks to be the next Resistance Level for CSCO.
UPDATE Apr 17 8PM :
FEYE Sell Stop got hit today. Sold 1000 shares at $40.81. First loss, of many to come…
UPDATE Apr 20 11:30PM:
Guess what FEYE closed today at $42.43. I may get back in, but usually do not play the same stock for fear of trying to get even. I’m not upset since I strictly followed selling once the Sell Stop got hit. In the long term doing so will pay off, as it has in the past.
Posted by: Vincent Banial for Uniquely Toronto
Disclaimer: The above is not meant as Financial or Investment advice. I am not a registered Financial or Investment advisor. Do your own Due Diligence. Always seek out the advice from your own Financial and Investment Professionals before placing any bets at the Financial Markets casinos called the Stock Market. You can lose money, possibly all of it, when buying and selling or trading stocks. The above is not a recommendation to buy or sell CSCO or FEYE or any other stock. The above post is for Entertainment purposes only.