January 14, 2011

Stopped out of DISCA

I still like DISCA, but was stopped out of my long position this morning.  So I imagine the logical question is, why did I let myself get stopped out?  Sure, I could have canceled or moved the stop, but I could be wrong about the stock.  Stops are there to protect the downside and limit risk in case I've made a mistake on DISCA.

I still have my Feb 35 call on DISCA, and expect to keep that for now.

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