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Subject:  Travelport’s 11.875’s of ‘16 Date:  3/1/2013  1:08 PM
Author:  globalist2013 Number:  34816 of 36309

I have no idea why the bond is doing so well.

Yeah, in retrospect, I’m tempted to say that I should have bought more. But that sort of insanity leads to losses more often than not if one isn’t careful. I put on my first position just over a year ago at 30.750. Prices traded sideways for a while and then began to edge up. So I added at 36.500, whereupon prices continued to trade sideways.

I was in the money. So I got lazy and sloppy and didn’t track prices closely and failed to notice the breakout in Nov-Dec. That’s when some adding could have/should have been done, and why investing isn’t just a fundamentals game. Technicals matter, and they deserve attention. When to buy (or sell) is as important as What.
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