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Politics : Welcome to Slider's Dugout
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To: DGoldstein53 who wrote ()12/28/2007 5:57:01 PM
From: Fun-da-Mental#1  Read Replies (1) of 50279
 
DGoldstein,

I haven't bought PAL yet, but I will if it starts showing signs of life.

I am no trading wizard, but may I make a suggestion: You say you stopped out on a 4% pullback from $3.82 to $3.68. If you are going to set a tight stop from your buy level, you have to make sure that the stock either is on support or has significant upward momentum when you buy.

If it's on support, then a 4% pullback represents a breakdown of support and you can be happy about selling.

If it has strong upward momentum, then a 4% pullback represents a loss of momentum, and again you can be happy about selling.

But since neither of those was the case, you did not have the right conditions to enter the trade (at least not with a tight stop).

That's my 2 cents anyway. Like I say, I'm no expert, so don't think I'm trying to act superior, just throwing out a suggestion that might be useful. :-)

Fun-da-Mental
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