I cut some DragonWave (DRWI) yesterday as it broke below the 50-day moving average, and the stock continues to look sickly. I am going to dump most of the rest of the position here in the $11.30s and take it down to a 0.1% stake to keep it on the radar. This batch will be at a 9% loss, but entering today I only had about a 0.5% allocation.
The stock is now down 5 sessions in a row - and 8 of the past 9 - while the market has been up for almost all those days. This action might indicate someone "in the know" (a.k.a. the "smartest people in the room") have info I don't have ... perhaps Clearwire (CLWR) contracts are being spread around to new entrants. (Click to enlarge)
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