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DowJonesDave

Always check your down stocks

Started Aug 08 at 11:25 ET (By DowJonesDave)

Symbols: BLTI, LDK

If it's down more than a few percent check for news that would materially affect it. Timely look see can save you losses or give oportunity to add to position, depending on the reason for the decline (if there isn't one). If there's no reason apparent, keep an eye on it. If it doesn't recover after a day, sell.

Good rule: If it's not doing what you want it to, sell...Simple and effective!

3 Comments

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DowJonesDave

DowJonesDave

Aug 08 at 11:27 ET

Added to position (averaging down). Added original amount again for a double weighting.

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ramigabai

ramigabai

Aug 08 at 11:55 ET

Yeah.. tell me about it - i lost 30% on LDK before I found some guts to dismiss it

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DowJonesDave

DowJonesDave

Aug 08 at 1:23 ET

yah those solar stoks can give u a sunburn

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