You buy a stock. It goes down, now what? Message Board

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Strategies & Market Trends : You buy a stock. It goes down, now what?

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To: Patric who wrote (56)	7/9/1998 9:46:00 AM
From: Bald Eagle	Read Replies (1) of 112

<<I'm set with CADE>> Since you mention CADE, let me relate my experience with CADE. The first time I got into CADE, my average price was 3 7/64. I watched it go all the way down to 2 1/4. Of course, I couldn't sell covered calls since there are none available. I didn't put in a stop order. So, basically, this was where a "hold longer term" worked. I was able to sell at an average of 4 after the last earnings release and I am back in again at about 3 1/2 with more than double the shares I had first time around. With CADE, basically I am willing to go through a couple of troughs in stock price, because the fundamentals in this company look great.

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