Sell NMR for 25.97% Loss

NMR closed today at $15.25, below our trailing stop. Sell at open on Monday. We will take a 25.97% loss on this position.

Unfortunately, this is something that needs to be done. We put a TS on this position because of the touch-and-go nature of Japan's recovery (still bullish long-term) and because the financial sector was due for some major volatility.

Part of being successful long term is knowing when to take a loss. The idea is to cut your losses and redeploy that capital in a more intelligent play with upward trending. The alternative is to wait and hope blindly that things will turn around. So we'll just stick to our guns, bite the bullet and say goodbye to Nomura.

James