Selling PDCO, Buying MCO, and a Watchlist
A lot of activity today, maybe too much. This was probably the busiest transaction week for me in a long time. I was adding to my long-term holdings after target prices were met and reinvesting tons of dividends. And then there were the trades. I sold PDCO in the AM as its volitile day yesterday both triggered a 1% stop loss increases and then it fell back to my original price. No big deal and I actually made some change on the trade. Sold 9.03068 shares at $33.368 for a net of:
PDCO: +$1.34 or +0.447%
Then there was my (mis)trade in MCO. Just not a wise trade and I also suffered from huge slippage. Two primary problems were trading a stock up on an upgrade (news-related) and chasing a large white candle (on a down market day, Thursday). Basically, the timing was all wrong and I will be making a note about news in my trading rules. I think the news got retail investors in the morning (along with a decent market, the sector was up), but the afternoon sell-off in the market coupled with the fading retail support just caused the stock to plummet. That is the way it goes, I learned something and will be better off in the future. My notes (for posterity):

Sold 4.46628 shares at $66.207 for a net of:
MCO: -$4.30 or -1.433%
Not too many charts to view on Friday after the close. Two candidates: AIR and ROG
For now,
Masterjaz out


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