Earlier today, in the midst of the continued market correction, my recent purchase of Movado (MOV) was 'undone' and I sold my 210 shares of MOV at an average price of $29.57.  I had literally purchased these shares just days ago on 12/11/07 at a cost basis of $32.14. 

Thus, I had a loss of $(2.57) or (8.0)% since purchase.  The 8% level is the loss point which triggers a sale (I use a 'mental stop' and do all of this manually) of a stock after an initial purchase.  It doesn't really matter to me how long I have held a stock, how much I like this stock, and whether I think it is the stock market, the stock itself, manipulation in trading, or the price of tea in China.  A signal is a signal and out it went.

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