I took my worse loss ever in the stock market. Completely screwed up on NRZ. I am so pissed and hurting over this, lol. I sold all my shares at $17.50+....thinking market would puke on itself. I was on cloud nine, almost all cash and up 30% for the year and waiting to put it to work. Started buying calls and then on 3-11 I started adding shares back, CEO spoke next day and sounded positive so I added a little more. It started falling and I went down $10,000+ before I could blink. Then I got crazy and bought more shares in $8's & 7's in a different account and set stop losses... when it fell to $6 all my stock sold. I ended up down over $20,000! The most disappointing part is I got scared and didnt buy back, so I missed most of the 100% gain the next days.
I did buy MFA when it dumped, and made good money on it but not nearly enough. I am looking for a revenge trade on NRZ.
I am so mad that this was no fault of the company...me or anyone else other than China. They completely screwed me. I will never eat Chinese food again! Of course.....I may be eating beans and bologna the rest of this year.
Oof! I've been watching NRZ, I think based on some of your comments earlier in this thread, and I never saw a good time to get in. Sounds like I got lucky I didn't find one!
I've ridden another one down hard though, but I haven't sold it. A 5 digit loss just isn't part of my plan. They can have it all or I can wait for years. One or the other on that one.