Guys when you enter a position and you don't feel very comfortable at the price, I would say get out immediately. Chances are the stock will retrace back to a position you will feel comfortable at.
A wise man once told me before you enter into any stock and at a price point, always ask yourself, why am I making this trade and at this price, if you're in doubt and can't answer the question, then don't get in until your reasons are clear.
Cutting your loss quick saves you from taking a big loss. I've leant this lesson the hard way and every now and then I make the same mistake but I've never been wrong cutting my loss quicker.
Bottom line, if you don't feel comfortable at the current price point the stock is trading at and your at a loss or a small gain, then what are you still in there for?
