Lucky to get out alive!.......

This morning the CEO of OFIX resigned. Now normally that's good for a point or two on the downside. If I see a news flash that a CEO or CFO resigned and he is leaving for "personal" reasons, I will short the stock and hope to make a point or more.

This morning the CEO of OFIX resigned and the stock was down 5 to 35. Now to me, that was an over reaction so I bot a small position. Literally, less than three minutes later I was DOWN 5 points as the stock quickly cratered to 30. I have never lost money that quickly! The only saving grace I saw was volume was not that heavy. So, I found the testicular fortitude, closed my eyes and bot some more.

Long story short, I got out with my ass intact as the stock rallied back to slightly below where I bot it. I sold my stock and can now thank God I can still fight.

Now I just know this stock is going higher, but when you have a near death experience like this, you don't care.

For those of you who don't trade, you have no idea the pain of watching a stock crater that quickly. It is not fun. Funny, but I can't remember ever having a stock rally 5 points in three minutes.