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To: ferris wheel who wrote (89853)	9/21/2011 12:58:24 AM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 233868

I use 20% stop loss as a general rule. Investing is always about playing the percentages, and in my experience if a stock falls 20% there is probably a 70-80 % chance it will fall further. Even if you sell and it goes back up, so what? Just buy it back if you deem it is worth it.

To: ferris wheel who wrote (89853)	9/21/2011 2:03:06 AM
From: heinz44	Read Replies (1) \| Respond to of 233868

I was wondering how you guys protect yourself from a loss? I would not be the one to listen to. My answer has been to buy more at ever decreasing price. Why....because I had visions of 1979-83 It has been very painful and were it not for sinclair i would probably had thrown in the towel at a h u g e loss Received a call from a friend yesterday.......told me to sell all yukon plays after looking at their charts.....................just about had me convinced until i re read some of sinclairs older stuff HOWEVER a good way is connect the bottoms from mid may and if it breaks SELL you would be surprised how many I hold it would have worked on but how do you do that when.....the drilling starts!! and no negative news

To: ferris wheel who wrote (89853)	9/21/2011 2:04:54 AM
From: E. Charters	Read Replies (1) \| Respond to of 233868

You could try buying a put if single stock derivatives are available. Stop losses, if taken out too close to the price with a historic volatility can take you out too often.

To: ferris wheel who wrote (89853)	9/21/2011 2:13:14 AM
From: heinz44	Respond to of 233868

and by the way my portofilio the last3 month is down.....211,000.- sad but true....especially considering how long i have been playing in this den of thieves Had I followed my intuition (when I first saw the cracks starting with TAK--which first hit me around 37c) I would be a much happier entity and @ this point would be buying with both feet. Unfortunately my buying power now is basically non existent.....im all in

To: ferris wheel who wrote (89853)	9/21/2011 7:55:29 AM
From: jpthoma1	1 Recommendation Respond to of 233868

It depends if I trade or if I invest. I use stop losses in my trading strategy since I can't spend all day looking at the ticker! I don't use stop losses when I invest. I even no more look at the stock price. I look at the company activities, business plan, results and if everything goes according to the plan, I keep the stock, whatever the price is. The market will always recognize a succesfull company. But if things does not go as anticipated for the company (not the stock price), I sell, whatever the price is!