Sep. 9 at 2:17 PM
$KMB Risk management is job #1 and this simple rule should be followed.
William O'Neill was one of the best traders of our time. One of his rules was when a stock lost its 10 week and 50 day SMA it is considered a round trip sell signal. This stock is a classic example. It lost both on Aug 31 around
$109.45, tried to regain it 4 days later and hit resistance. Then if fell off the table and lost the 200 day. In my experience, 9 out of 10 the stock goes much lower. A simple stop would have protected losses.
I usually sell in this situation. Pissed most of my gains away as I hold this one in my IRA for dividends. And the Kenvue deal hasn't even closed yet.
Holding
