Before the June report, MML was holding a year long support. I traded it and made overall profit. I sold my last trade at around the price of my original entry. After the report, which I said was a negative as soon as it came out, it broke down and I stayed out. The qtrly reports have continued to be uninspiring and new guidance isn't any better so I continued to stay out and have posted my continuing thoughts on the updates. Now POG breaking below 1180 has compounded the negatives and I'm staying out regardless of how much lower the price has become.
"I am just soooo suprised that you just couldnt see it, as you continually say being the experienced trader and all??"
I got out ahead of the qtrly to wait to see what would be reported. I posted that I did so and why and that I would buy back in if I liked the report or stay out if I didn't like it. What exactly did I not see that you are "soooo surprised" about? If it was that MML was going to eventually break down below support, you are right I did not forecast that but I also didn't get caught in it. The stock gave everyone the chance for an easy out (surprisingly small gap down) the morning after the report came out if they wanted out.
MML Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held