Took a position late on Friday at $1.22 when the stock moved
above its 200 ma and 8 ema on slightly higher volume. Need
some guidance on where to place a stop. Friday's low ($1.12)
seems too wide and would represent an 8.9% loss should we
experience a downdraft in the market today.
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PPHM
Posted by RichieD on 31st of Dec 2012 at 06:03 am
Took a position late on Friday at $1.22 when the stock moved above its 200 ma and 8 ema on slightly higher volume. Need some guidance on where to place a stop. Friday's low ($1.12) seems too wide and would represent an 8.9% loss should we experience a downdraft in the market today.