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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (7611)1/31/2006 7:50:48 PM
From: mefistofelez  Read Replies (1) | Respond to of 13449
 
Dear dabum3,

do I understand correctly that you did have a stop in place, but the drop was too sudden?

I am asking because a similar event happened to me recently. I was holding BCRX, moving my trailing stop happily as the stock was climbing, and then, three days ago, the stock dropped. I had the stop rather tight because of the uncertainty of consolidation around the $20 line, but it did me no good, and the stock was sold at the bottom. ;-(

M


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