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http://boards.fool.com/acad-30330383.aspx
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| Subject: ACAD | Date: 10/19/2012 5:33 PM | |
| Author: FundamentalsMan | Number: 3591 of 4283 | |
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Looking around in my account I noticed that this small biotech had gone up 10%/day for the prior two days and was currently up 10% for the third day in a row. I knew nothing about the company but I intended to buy it, hold it until the next day, then sell on another day's 10% gain. Nearly to the minute, once I placed my order, the third day's 10% gain evaporated. I sold three weeks later for a 28% loss. Lesson learned. |
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