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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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To: chowder who wrote (11746)3/28/2007 9:08:29 PM
From: Ottrose  Read Replies (1) of 13449
 
I apologize for not phrasing the question correctly. Let's say you find a stock that meets the PBR criteria, and your buy point is 20.50 with a stop loss at 19. It hits your buy, you pick up your position at 20.50, and then declines the next day to 20.20 and then 19.8...still not enough to hit the stop loss. Would that 19.8 price be attractive enough to add to your position, or would the fact that it's declining lead you to sit tight and wait, either for a reversal or for you to be stopped out?

[I hope that's clearer...thanks. a real-world example would be GTW, where I have well less than a full position, but it's been declining since the purchase a few days ago. So maybe that's the question: what would cause you to recommend GTW to someone who asked for the first time today? as always, O]
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