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: Investor2 who wrote (53)	7/9/1998 1:32:00 AM
From: PaddyD	Read Replies (1) of 112

I've been noticing lately that more stocks seem to be jumping off of a cliff, rather than doing a fast slide. Unfortunately it is happening to me quite often. Most recent was: CMND: 04-20-98 bought at 16 1/8, 04-29-98 dropped from 14 1/2 to 7 1/4, gaped down 50% at the open. If you had a stop loss on that one you would have been closed out at the opening price. Of course you would have been better off. It has recently been as low as 4. I'm averaged down on CMND. Got in at 5 1/2 and 4 1/2. I'm convinced that the company is fundamentally sound. There must be HEAVY DUTY MANIPULATION of the stock prices going on. I don't see any way to protect myself except to look for these situations and buy in at turnaround time.

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