Trade: Broadwind Energy (BWEN)
Notes:
Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash. Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning.
Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash. Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning.
Extremely painful trade and lesson today. I sold all of my shares of Broadwind Energy to raise cash for more fruitful endeavors. This stock was and has been a total loss for me. With energy prices and a likely failed PTC renewal in front of us, I don't see any upside to keep fighting the down trend on the stock. To make things worse, I went through a painful lesson of having to slow down and make sure I have my trade set up properly - I lost my tax-loss benefit and additional transaction fees because I accidentally purchased shares, instead of selling them, then had to sell all of the shares I had. Don't ever do this, people, it sucks big time.
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