Friday, March 23, 2012

Out of Jaguar Mining

I folded my position in Jaguar Mining, Inc. (Ticker: JAG). I initiated a small position in February at $6.77 based on the fact that the company was exploring strategic alternatives. The stock has been acting horribly and yesterday, the company announced earnings that were below views. I sold today at $4.95 generating a net loss of 18.55% (including the income from the covered calls). I generally try to limit my losses at ~ 10%, but this one got away from me a bit.

1 Comments:

At December 08, 2017, Blogger resume writing service said...

This post is very vague. The title doesn't complement the content nor does the appearance do justice to the reader. If this was a product review of sorts, its a terrible one.

 

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