I look at what it can go to and 120 is not impossible. So as low as possible is the right thing to do.
If I could predict just the bottom I would have been able to retire long ago ! What you want to avoid is seller's regret and buyer's regret.
Seller's regret is when you sold out completely and the price went to the sky like Puma heh heh.
And buyer's regret is just the reverse. You didn't buy Puma before the big move because it didn't hit your buy point.
Jim Cramer's solution for seller's regret is to always keep the last 1K sh, or 10% or whatever you decide.
And one of the way to avoid buyer's regret is to only buy a certain % of what you intended to buy in the 1st place if you don't get the price you want.
Basically these are all psychological compromises.
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