Advanced Micro Devices Inc (AMD)

[HailMary]

I don't like stop losses at all though, because a stock can gap right past them! You can really get burned on a sudden V-dip caused by an incorrect rumor.

I don't like the stop loss that much either, but what can I do? I'm holding long term cap gain and very close to being long term cap gain shares. Buying puts would be an offsetting position, and stupid IRS rules would screw me. I suppose I can buy QQQ puts to protect against terrorists, but that doesn't save me from an AMD screwup (fab burns down, etc.). Until I exit those shares, I'm limited to the stop loss on the downside. It isn't so bad as I would have payed time premiums for the puts which would hopefully compensate for any gap down.

HailMary