algyros - the stop would largely depend upon one's trading
strategy and risk tolerance, but after today's action, I sure would
not want to see it go below today's lows at 53.60.
Personally, I would watch these stocks closely if trading
since they tend to be wild swingers since most investors have a
hard time analyzing these companies. Should it get follow thru
tomorrow, look to raise stops again and or consider taking some
profits depending upon your strategy.
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If you don't mind Steve,
MCP
Posted by algyros on 21st of Jul 2011 at 05:39 pm
If you don't mind Steve, could you also recommend a stop for MCP?
algyros - the stop would
Posted by steve on 21st of Jul 2011 at 05:45 pm
algyros - the stop would largely depend upon one's trading strategy and risk tolerance, but after today's action, I sure would not want to see it go below today's lows at 53.60. Personally, I would watch these stocks closely if trading since they tend to be wild swingers since most investors have a hard time analyzing these companies. Should it get follow thru tomorrow, look to raise stops again and or consider taking some profits depending upon your strategy.