Posts tagged Dug

I recently went to the trading room at [[Seton Hall]] to hang out for a bit and do research on the [[bloomberg terminal]] and saw “The Finance Professor” [[Scott Rothbort]] when i was alerted to the possibility of a 1.2 billion dollar joint venture to Inverness Medical Innovations (IMA). Now, im not that much often to try to catch a news announcement, because honestly, i have horrible timing. Dont get me wrong my picks are great, but my timing is absolutely horrendous, i waited for a pullback and then managed to pull the trigger about .40 too early, but that’s besides the point. I had been thinking for a few days that Dug might be in store for a retracement, and on top of that I knew that my long delayed paycheck was coming to SIGNIFIGANTLY increase the size of my portfolio(speaking of which, try to save 10% of your paycheck if your near my age, its almost an automatic ticket to retiring very, very wealthy, even with a cautious return.) So i decided to try my hand at catching an earnings play, and it paid off today, but that in a nutshell is why i sold off DUG, for all of my followers i might suggest reducing your position alittle, maybe a fourth or a third, after all, there’s a saying on wall street. Pigs get slaughtered.