Trade: Broadwind Energy
Yesterday I purchased 50 shares of Broadwind Energy at $9 a share. Today I already have buyer's remorse. I purchased the shares after it jumped 5% in the previous day and start of yesterday's trading sessions. This is poor execution and acting on emotion on my part. I should be buying stock on down days, not chasing them on the way up. Yes, the stock is down over 25% from it's highs, but there's no guarantee it's going back up that high. My price target is $10, so I've significantly cut into my potential gains. Anyhow, I do feel the stock is oversold and there is potential for more gains. However, PTC regulation still hangs over this stock and will continue to do so. The key will continue to be windmill sales into 2015.