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: The Ox who wrote (22)	7/7/1998 5:03:00 PM
From: Early Out	Read Replies (1) of 112

I was once stopped out of SYMC at the exact low before it ran up 40%. Setting my stop 1/4 or 1/8th lower would have kept me in the stock I wouldn't lose any sleep over that one, you can bet that if you had set your stop 1/8 of a point lower, that in fact you would have been stopped out anyway. I think there is a place for stops, I just haven't found it. It seems to me that every stock on which I have used a stop loss has behaved exactly as you describe! -jsc

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