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Strategies & Market Trends : You buy a stock. It goes down, now what? -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (35)	7/8/1998 9:18:00 PM
From: Investor2	Read Replies (2) \| Respond to of 112

Re: "I bought 200 shares of VVUS @ 13, my mental stop loss was at 12 but was in the middle of a move and missed it and before I knew the price was @ 10, well then before I knew it the price at 8 soon after the price was at 6." That's exactly the kind of thing that I'm trying to avoid. I've had one too many stocks like that, and I am determined not to let it happen again. I guess that's the point of this whole thread, finding a way to prevent the perpetual slide into the abyss. Re: "The problem is, I am trying to break even, ...." Perhaps the best answer to Wiseowl's original post is to take the loss and move on to another opportunity, rather than stick with a loser to try to break even. Best wishes, I2