L. Hobbs: Sorry, I meant a stop buy order (buy only at a set, higher price).
I have no idea what the downside is, though I wouldn't rule out $7.50 or so, which is where we last had solid support.
Personally, I do NOT have a stop loss order in, as I feel this would be foolish with a low volume trader on the ASE like WIN. If I had a stop in and it was triggered, my sell order could/would cause a healthy drop, I would be out, and very likely WIN would recover and head back up. I rarely use stops, and if so, only with high-volume, highly liquid stocks with tight spreads. Who knows -- Wi-Lan could soon be in that category...
Looking forward to the next positive news release and the next leg up.
S/S
PS: The latest Cdn. Business Magazine (Sept. 24th) article mentioning Wi-Lan sounds good, though I haven't seen it myself. Should hit the newsstands next week. |
