InvestorsHub Logo
Post# of 58654
Next 10
Followers 5
Posts 1866
Boards Moderated 0
Alias Born 01/03/2001

Re: uwlungman post# 5011

Tuesday, 05/01/2007 10:35:57 AM

Tuesday, May 01, 2007 10:35:57 AM

Post# of 58654
You both have great points. My problem with buying after the stock has ticked up and the mm's are playing their games is that is that is often a high or near high and the downside sets one up to be either a captured long or in a losing situation. The decision is to cut losses and move on is a hard one unless you have dicipline and a pre-established permissable loss figure. For pinkies, I use 25% as anything less is often done in a single trading day.

It has happened to me that the stock fell through my stop-loss figure and I became a long, long, long time shareholder waiting for the next up move. This is captured money and a lousy position to be in.

Re. ILCO, I have averaged down, again a lousy position, but at these levels I am reasonably comfortable with the support level. Without any volume this could be another bummer and an example for not investing more than you can afford to lose.
SharonB