That sounds like very sound strategy with any stock in a downtrend. Keep an alert set at a price that would only be hit if the share price reverses significantly. If the price continues to erode then you can lower the alert price to remind you to look again when there is a reason. I would also set a volume alert on this one. Right now there is zero interest in this company. In addition to showing the money it needs to show the interest. Right now the lack of liquidity in this stock will turn any position into a lodestone.
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