Wednesday, April 10, 2013

Exit NUS at 45.5 for 3.3% Gain --> big shakeout from HLF episode

Yesterday, HLF (Herbal Life)'s auditor KPMG resign due to partner inside trading...
At 9:50, HLF halt trading and NUS drop 7+% in 1 minute.

I was shock to see at 5.5% profit turn into loss.
Have I turn on auto stoploss, it will take me out below 44.

I patiently wait for it recover than exit at 45.5.
At that time looks like hero ... but this morning, it gap above 49!

Well, I still think I made the right decision --> When in doubt, exit first, then find out reason later.

NUS was a nice setup, it should be a winner if not for the HLF event.

Life move on, there will be plenty of NUS setup as long as I'm patient!

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