GOD. DAMB. Totaled up my losses for the week. This was the worst week I've had in 8 years. It's definitely a beer and bourbon night tonight. Bought a brand new shot glass at the liquor store, too.
Ironically, I'm still bullish on JC Penney even though I dumped every share I had last week. I'm willing to hold on through a drawdown up to a certain point, but in a margin account you just gotta let go. I can always get back in later, and with analysts giving sell recommendations and underperform recommendations, I will most likely get back in sooner rather than later. I just need the overall market to firm up a bit first.
Ironically, I'm still bullish on JC Penney even though I dumped every share I had last week. I'm willing to hold on through a drawdown up to a certain point, but in a margin account you just gotta let go. I can always get back in later, and with analysts giving sell recommendations and underperform recommendations, I will most likely get back in sooner rather than later. I just need the overall market to firm up a bit first.
