Stupid, stupid, stupid
Sure, I am long the stock, and know a higher price will occur soon. But leave apart the writer's and my dueling banjos perceptions of the same stock, and think on his imbecilic recommendation...
Short Heinz/HNZ at $55, with a stop loss at $61.73, or 12.23% Your profit objective is $51.63, or 6.12%... $6.73 of risk, $3.37 of possible profit. In essence, an abomination of the typical relationship between risk and reward.
Did I say stupid? I also mean misguided, irresponsible, and wrong. Horribly wrong.
-- David M Gordon / The Deipnosophist
Short Heinz/HNZ at $55, with a stop loss at $61.73, or 12.23% Your profit objective is $51.63, or 6.12%... $6.73 of risk, $3.37 of possible profit. In essence, an abomination of the typical relationship between risk and reward.
Did I say stupid? I also mean misguided, irresponsible, and wrong. Horribly wrong.
-- David M Gordon / The Deipnosophist
Labels: Chart analysis, Company analyses, Market analyses
posted by David M Gordon | 6:07 AM
<< Home