Selling TAP @ $36.67
Realized loss of $1.37 (3.60%)
BUD reports tomorrow and is looking like a sell, if not an outright short. Companies in the same industry tend to move together on large moves - and the odds of shares falling precipitously is greater than a rally - for BUD, the name with a catalyst.
So as much as I think TAP has upside, I'm not willing to hold with it's industry peer at such a perilous spot with a catalyst.
Taking a small loss when the odds of a decline exceed the odds of a gain makes sense to me.
Don't be afraid to take small losses before they become big losses.
Realized loss of $1.37 (3.60%)
BUD reports tomorrow and is looking like a sell, if not an outright short. Companies in the same industry tend to move together on large moves - and the odds of shares falling precipitously is greater than a rally - for BUD, the name with a catalyst.
So as much as I think TAP has upside, I'm not willing to hold with it's industry peer at such a perilous spot with a catalyst.
Taking a small loss when the odds of a decline exceed the odds of a gain makes sense to me.
Don't be afraid to take small losses before they become big losses.
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