Can I ask you or anyone else about trading out of a disappointing quarter with an illiquid stock like GLGI? First it looks like with a disappointing quarter you try to get out as soon as possible with your style? So then, upon seen the disappointing quarter do you set a limit order that evening? Then at what price would you set the limit order to get out. What price would be reasonable for this? Then, I guess in the morning you would wake up and monitor any trades and see what people are selling at, if your order did not fill and adjust. Let's say it falls below your previously set limit. Do you then just set to the same limit as one that traded before? Try something. Try a limit, give it 10 minutes, drop it lower, etc.?
Just wondering how you guys do it and think about it. Because I seem to get stuck in my positions when they don't work out.
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