Seeking Alpha

Lee Eugene Munson's  Instablog

Lee Eugene Munson is the founder and chief investment officer of Portfolio, LLC (http://www.portfoliollc.com/). He is a regular commentator on CNBC and writes a daily trading blog on Seeking Alpha. Mr. Munson has a significant and salient background in the financial services industry. Early in... More
My business:
Portfolio Asset Management
My blog:
LEEMUNSON.NET
  • CL – taking my loss and moving on 1 comment
    Aug 12, 2009 11:36 AM | about stocks: CL

    CL is not performing well it’s a defensive name.  I bought before earnings, a very dangerous and dumb mistake.  Earnings did what I thought and blew out the numbers.  But the markets didn’t care, so I decided at the end of the day to take my loss.
     

    The lesson: when you know there is more down side, blow it out!

    Stocks: CL
Back To Lee Eugene Munson's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

This post has 1 comment:

  •  
    CL is a defensive name. But "defensive" names like this and PG are suffering because of consumer "downtrading." Even the utilities are suffering. This downturn (unlike that of the 1930s) spares no one.
    2009 Aug 12 11:47 AM Reply
Full index of posts »
Latest Followers

StockTalks

  • AMAT - still like the chart and I'm back in on the dip.
    Oct 15, 2009
  • DRYS - down today, scaling back in
    Oct 15, 2009
  • SPY - looking for 1100
    Oct 15, 2009
More »
Posts by Ticker

Latest Comments


Most Commented
  1. BAC - adding to position (3 Comments)
  2. MON - down the tubes (3 Comments)
  3. Return to actual knowledge and skill for managers and analysts (3 Comments)
  4. BAC - I know, I can't be cured (2 Comments)
  5. What I am looking to add this week . . . (2 Comments)
Posts by Themes
Bloomberg, china, cnbc, CNBC, CNBC Reports, commodities, David Reilly, Dennis Kneale, Energy, FDIC, Finance Times, Financial Sector, FT, gold, Having a life, housing market, integrated oil, iron ore, Lee Munson, Mutual Fund Research, oil services, Portfolio Asset Management, REIT's, Retail, steel industry, The Mutual Fund Store . . .
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.