Chart Of The Day: Look What Happened To Dicks
Todays Chart of the Day is not to show you what to buy but instead to remind you how to manage your portfolio and use risk management:
- Never put all your eggs in one basket
- Diversify in both number and industry
- Have predetermined stop losses or sell points
- Never decide to rationalize - I'm not worried, I'll wait till it comes back and then sell it
- Read my standard disclosures below and understand them ---- I always put then there for a reason ---- for your consideration and protection
Dicks (DKS) was flying high and then had just one bad earnings call and it tanked: dropping more than 24% in just one day
(Click on image to enlarge)
DKS Price vs Daily Moving Averages
More By This Author:
Chart Of The Day: Sterling Infrastructure - Build Back Better
Chart Of The Day: Is Abercrombie & Fitch Overpriced?
Chart Of The Day: You Can Bank On UBS
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase ...
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