Bailing water!!

I was bounced out of two positions today: RELV and HMY.

I had great hopes for RELV, but with a close below 11, it failed to form the bowl I saw possibly forming. Lost about 11%.

HMY is suffering from self inflicted wounds. It rode out of an inverted head-and-shoulders formation, doubling within three months or so. The problem is just that the gold price got ahead of itself, and HMY is a poorly run company. As such, those two fragile conditions caught up with it. I balied out of that 8 month position with a 57% gain vs. 4.5% on the S&P. Not bad, but could have been better with a fundamentally stronger gold company.

Live and learn!