trailing stop lossitsalie said:
""if you are going to put in a stop a@ $42.72. you might as well just as well have sold it at 44 and made some more.. you'll get stopped out everytime with that little a cushon ..""
I did not put a stop at $42.72, rather I used the trailing stop-loss feature that allows one to assign a dollar amount or a percentage (in my case 3%) that will trigger a market order in the event the S/P rolls back by 3%. The trigger or market price adjusts to a higher level as the S/P rises. I'm sure most of the readers understand this, but for the few who don't...hope this clarifies what I did and why I did this. I may regret selling CPG @ $42.72. For all of you "longees" I sincerely hope that you enjoy more upside.
Best....SHUMBA