Lindy
I agree with Rocket. 10% is nothing for a stock like AOL. Hell, 15-20% is nothin on AOL.
I would consider 2 factors : A.) Do you feel good about AOL long
term ? And if so, are you planning on staying with AOL long term ? If so, your better just holding...ride the waves up and down, you'll come out on top. AOL is a tough one to play. Trying to gauge the peaks and valleys could very easily find you having to buy back in at higher prices. If your intentions are not long term, then....B.) Before figuring a stop loss, first look at your cost basis. If your cost basis is low, and your profit is high, you may wish to go with a lower stop loss. If you bought in recently and your cost basis is high, and if your main objective is simply a quick profit, then you may wish to lock that in with a higher stop loss.
The bottom line is simply how you feel about AOL long term. If it plummets to $100 in the next week or 2, we will still be where I, and most people thought we would be at end of Dec. I feel great about AOL long term and feel it will be another Microsoft, in that ANYTIME is a good time to buy. Personally, I have added little by little to my position and will continue to do so.
Happy Trading |
