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: Johnathan C. Doe who wrote (1)	7/7/1998 10:40:00 AM
From: Bald Eagle	Read Replies (3) of 112

<< I think Bald should start a thread with something similar in concept; what do you think?>> I don't know too much about Bald ( man from Mars?), but he's welcome to come and contribute here. Nobody buys winning stocks all the time. I know that if I could have limited my losses better, I would be financially much better off than I am now. Those sudden drops can get you if you're not ready for them! Take my recent Vantage purchase at 19+. Today, VNTV is about 13 1/2. However, through selling and buying back covered calls, my basis is 16 and change. It's a lot easier to put up with a 15 to 20% dip than a 30+% dip. When my calls expire worthless as they surely will next Friday, I can turn around and sell some more and maybe turn this loser into a winner. I've had bad experience using stops. Too many times I saw the price drop down to my limit price, my stock gets sold, then it turns right around and heads north again. Doubling down? I've done that, too. Sometimes, it saved my butt, some times it got me deeper in the dudu. Do you have any personal experiences or tips to share? TIA. Keep on :-)))

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