Bear Flag Burned Me/ These Flags Love Bear MarketsAnd this one got me )o:
These puppies will bit you.
I had it in my brain that auto part stores will do well during a recession, and I think they may. Then ORLY missed earnings, and BOOM, this went down with it! I did not look at the other Auto Parts earnings dates, but I learned a lesson. It was sitting there is a bear flag, then broke up from the bear flag, so the inevitable usually happens. Bear flags love bear markets. The rectangle top should have also got my attention. I will be sure the sector is reporting close to each other or look at when the stock's siblings are reporting. You live and you learn.
I looked at it the day before it fell and said to myself, sell this Laura and I did not. Sometimes your gut is right. I was way up and sometimes it is time to let go. Now I will hold on at least until the next rally up and hoping there is one. Otherwise I will just lose I guess. But this sort of foolish mistake does make you want to kick yourself! And we all make them at one point or the other.
This is an example of my being stubborn and that does not always work out so good.
Don't you hate it when this happens? LOL I guess all you can do it blow it off and keep moving forward.
No recommendation.
