Missed Opportunity - Eagle Materials, Inc. (Public, NYSE:EXP)

As per last night's watch list, I thought that I had a great long setup when I was able to pick up EXP as it climbed towards resistance after a weak open. After wasting over an hour with it, it failed and I took my exit with a minor gain. I was disappointed and decided to move on to greener pastures so to speak. I thought that EXP's failure was due to poor market conditions. Little did I know that it was about to go into a free fall and that the company would warn on upcoming earnings later in the session, after all, the Chairman had just recently disclosed the purchase of 400k shares...????