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BobMcP

11/15/05 12:30 PM

#437540 RE: osprey #437526

Hello osprey: PMFJI. There are times when stop losses can be very painful. For instance, I held LUV *forever* and kept a stop loss at 10% below market. Then came 911 and when the market reopened, the stop loss hit and my long-time position was sold 2 cents above the day low. Of course, it recovered very nicely -- without me.

Bob McP
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guzbug

11/15/05 12:33 PM

#437544 RE: osprey #437526

Thanks for that, and you are correct. I know it, but I just don't always abide by what I know!
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extelecom

11/15/05 12:43 PM

#437548 RE: osprey #437526

osprey, You are 100% correct...