Cherubim Interests Inc (CHIT)

[TheLaserGuy]

I posted this days ago.
People did not want to hear.
It is just common sense advice about trading I learned when reading "Winning on Wall Street"

Who looks like a genus now?


One of the key trading lessons learned, and put in print in "Winning on Wall Street" is never trade thinking "this stock can not go any lower".
Conventional wisdom encourages you to buy and ride a winner and cut your losses to no more than 10% on your loss so you can preserve capital for investing.
This is a cut your losses position.
If you are still wild about CHIT buy it back after it has bottomed out.