GREY:STPJF - Post by User
Comment by
nikeherculeson Jan 31, 2014 1:04pm
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Post# 22158962
RE:RE:I'm out!
RE:RE:I'm out!
Monzie,
After hearing about flash crashes (and witnessing one hit my RBS preferreds), HFT stop loss hunter algorithms etc. etc. I keep a little post-it note of my "have-to-sell" price. If I see that price has been hit, I evaluate the trading (was it a sudden crash?) or part of an overall trend. 9 our of 10 times I sell. I don't want to be continually lowering my sell threshold as the SP sinks.
Take a look at what's going on with PRY. one guy in my office has been holding since it was over 2 bucks. It just keeps drifting lower and he always finds new reasons for not selling a single share (takeover, hope of increasing production etc. etc)
Also, I don't see a more sophisticated stop loss option in my waterhouse account.
I'm headed to the Bahamas tomorrow and I don't want to end up with a nasty surprise when I get back. Sure this thing might come back, and I hope for everyone's sake it does. For me, I've just had enough. If this thing gets back to 30 cents, I'd get another $50-$60k - but given the limited impact on the portfolio it's hardly worth the mental real estate STP is taking up.
As for the Desjardin target - https://finance.yahoo.com/marketpulse/STP.TO