Friday, May 12, 2006

TIGHTENING STOP-LOSSES


Trimmed some HBM on this run up and put a tight stop-loss on the balance. I have been in and out of this name rather frequently. I know, I know, this is not the best way to invest, however, I am very nervous of the copper and base metal market overall, as it has gone so much. HBM announced a blockbuster earning report, and it did not budge at all. Not a good sign. I do not want to lose any of my precious capital, so I take some off the table. I am also starting to tight up stop-losses on other names. I want to force myself to protect my profits in the event of continuing decline.

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