rather than wondering if you hit the bottom, reconsider your entry decision...IMO, no entry should be made without a stop loss included, if you're a trader/short-term investor...
after your post, i went back to look at a stock that i bought at 12, sold at 6 (ouch 50%), and is now trading at 3..
i really learned this lesson the hard way...
as i was buying the dips on Boston Chicken some years ago, and managed a $20K tax loss...
of course, i learned it again recently when i watched CPU (in at $18, insider buying, consolidation, category killer) go to $14, then $9, then $6...now, im out
and, there's nothing in this chart to suggest it's going to turn anytime soon
FWIW
david |
