RE:RE:RE:RE:RE:RE:RE:When do you guys think we should get out?! I agree with Sunshine here, I think in some cases stop losses may make sense, but you do not want to be knocked out by artificial volatility, and often a stop loss is the best way to guarantee that you get out at the bottom if not used properly. If you want to manage your risk there are better ways than stop losses. One of the biggest knocks against a stop loss is that it gives you zero protection against news releases or event before market open or after market close. Anot her knock is if you are doing it to protect from a drop more often or not you will sell in a trough, at a local minimum. I sometimes use stop losses, but IMO they are a better tool to try to time a peak. A trailing stop when a stock is moving up allows you to hang onto your exposure to the upside, and then you get off when it starts to turn. But using a stop loss for anything other than intra day trading, or using it to manage downside risk is fraught with dangers. It is likely to give you a false sense of security. Marcel
sunshine7 wrote: FD, setting a stop loss is just an incentive for the short interests to 'manage' the price to trigger like a snowball becomes an avalanche. Stop loss trigger does not guarantee a sell at that price, but rather a market order to sell, which in an avalanche can mean lower. Look what happened last Thursday. Made it look like capitulation. Stop losses + fear + profit taking = down hard. Yes, IMO stop losses are like shark bait. DON'T FEED THE SHARKS!
fdfd12 wrote: Stop losses are the shorties???
Sunny please...
I rememeber I owned Timminco in 2008. I had bought it at $3.
Went up to $35. Stock started to stall. I said breaks $30 sell half and breaks
$25 sell other half.
This is an emergency exit.
I POSTED THIS ON their BULLETIN BOARD.
They all laughed at me like you guys are.
Well it hit $30 and $25 and $0.
You guys know how to play offense but not DEFENSE.
If you don't have a stop loss at least at $25, do you think
there really is a buyout if the stock hits that price?
sunshine7 wrote: Stop losses are the shorties best friend. Seen it many times with a manipulated share price. They see a pile of cheap shares and its like flies on SH!t.