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Yup. A couple of weeks ago I purchased 400 shares at $146 and it took out my stop of $128. I recently bought 400 shares at $136 and today it took out my stop of $121. I'm down pretty good in a month on AAPL. I think I'll sit on the sidelines for a bit now.
I once bought a stock on an old buy that I forgot about, set at 95. The day of the buy, the stock was trading at 135-140 it dove to 90 and closed the day at 138.
That should have been the day I sold. I proceeded to ride all the way down with that sucker, buying along the way until they declared bankruptcy. It was a tech stock 7-8 years ago.
So, you have to know what stock you are dealing with when you hang on. I think that AAPL would be one to hold. Some unknown company, no.
It feels just like gambling to me.
Good Luck to all.
P.S. The sky is not falling.
__________________ 1998 HS 245 Vector CC
2007 Evinrude 250 etec rigged and rockin!
Tech is tough that way. I would not into buy a no-name company. I currently only hold Apple and I do look at it every day but do not sell at all. I only buy more of it for time to time. But they do not always make good long term investments. More like 5-10 years instead of 15-20. Many will go O.O.B. or just dog along for years and years. I don't think Apple will go down much from here, but not go any higher for the foreseeable future. The latest invention (I-Phone) did not live up to expectations. Maybe their next trick will. But as an established company they show that they can put out new products and the quality is better than most. (M$FT).
Apple has been a very profitable stock for many years using the above (very obvious) system.
Ray, Tennessee 2180DLX Carolina Skiff 90HP Honda
I remember when P&G had a huge dip a few years back..... I called an advisor in a worried state "What should I do"
he simply said "Why aren't you buying"
__________________ ________
It's not the size of the dog in the fight, it's the size of the fight in the dog!
In this case, your stops really hurt you. They did exactly what the hedgies and shorts wanted it to do. They drop the price down and wipe out the stop losses. I've don't use stop loss on many of my stocks for the simple fact that I've watched too many times, stocks drop 15-20 points, just to end the day right around where it started. Stop losses are an easy way to keep from being completely tanked, but too often, they cost you way too much money.
Stock in a company is sorta like sex, ya don’t wanna pull out/stop until you reach your goal.
Show me a stock, any stock, that went up in a straight line and I will kiss your foot. Stocks go up and stocks go down, as long as the long term trend is up, what do you care how many ups/downs it makes?
I watch the market all day on CNBC and on a computer dedicated to Scottrade‘s streaming quotes for entertainment purposes only, not to react to every bump up or down. Trading stocks, in and out, is a sure way to the poorhouse in my humble opinion.
Apple just closed up $2.79 to $127.79 a share. Happy day today. More happy days ahead, fellas.
What is good stock advice in a BEAR market. What about stock advice during the unknown or when what is know is not very appealing, like a communist country having the ability to crash our economy and have already threatened it. When homes are going to be standing empty with no buyer in sight. Hmmmm, what could that be. Well he11, things will get better, just hang on to it.
What is good stock advice in a BEAR market. What about stock advice during the unknown or when what is know is not very appealing, like a communist country having the ability to crash our economy and have already threatened it. When homes are going to be standing empty with no buyer in sight. Hmmmm, what could that be. Well he11, things will get better, just hang on to it.
There are several ways to look at what is going on.
The current situation is just part of cycle. This will get resolved at some point. The risk of a downturn like this should already be built into your overall asset allocation. If you are not pulling money out for many years, you will go through many cycles. If you are taking more risk than you should, it may be a good time to cut back.
One of the biggest problems right now is that no one knows the full extent of the current problem. It could be resolved today, or we could have more downside.
Each investor must decide for themselves which risk they want to take. There is the risk that you cut back and the market goes up meaning you miss out. The other risk is that you stay in and the market goes down more.
I will say that for my more conservative clients, I cut back their stock allocation by roughly 15% yesterday. They fall into the first camp where they would rather leave some money on the table than take additional risk when all the details are not available.
Hope this helps a little. The bottom line is that there is no general advice other than deciding how much and what type of risk you are comfortable with.
__________________ 2003 Sea Pro 220 CC
2003 Yamaha 200 HPDI
2009 Ace Dual Axle Trailer
Well AAPL did it to me again 
