I don't have a stop loss. Personally, on thinly traded stocks, you can get shaken out easily enough. I'm still long, but I'd be lying if I said that the 34% decline wasn't a wee bit painful.The chart is also a useful example of how seeming support, once broken and aid a abet a rather sizable downfall. As support was rather easy to see, I'm confident that there were alot of stop losses sitting around it. Accordingly, once obvious support is broken it triggers a cascade of sell orders that result in the picture you see above.
A stop loss order does not help you in these instances. I have found that it's best to watch the chart and be willing to endure a hit if support is broken or sell and re-enter when the stock's action is more constructive.
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so it took your diver 2 weeks to get out of the water and climb back up the cliff (WH = $3.66 today). Now that you're roughly "even", do you send him home, or let him jump again?
~Sleepless
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