Normal
Re: Multiplex - How to Stop LossWatching the Multiplex drama unfold has me wondering how to best utilise a stop loss in this situation.Hypothetical situation - say you bought in after the price drop following the White City sale for about $ 3.20 (I had even seen some "buy" recommendations at the time...?)You set a stop loss at say $ 3.00 in case more bad news does follow.But what is the best way to trigger a your stop loss when bad news is imminent and the shares go into trading halt?Do you -1. - Put in a pre-open sell order way below your SL (say $1.50) to ensure your shares get sold at the opening price?2. - Sit out the panic sell off at open, wait and see if the price bounces during the day (ie- today opened at $2.43 but now at about $ 2.56)3. - Wait a couple of days to see if there is significant rebound (or maybe dead-cat bounce)?Or is there any other options?
Re: Multiplex - How to Stop Loss
Watching the Multiplex drama unfold has me wondering how to best utilise a stop loss in this situation.
Hypothetical situation - say you bought in after the price drop following the White City sale for about $ 3.20 (I had even seen some "buy" recommendations at the time...?)
You set a stop loss at say $ 3.00 in case more bad news does follow.
But what is the best way to trigger a your stop loss when bad news is imminent and the shares go into trading halt?
Do you -
1. - Put in a pre-open sell order way below your SL (say $1.50) to ensure your shares get sold at the opening price?
2. - Sit out the panic sell off at open, wait and see if the price bounces during the day (ie- today opened at $2.43 but now at about $ 2.56)
3. - Wait a couple of days to see if there is significant rebound (or maybe dead-cat bounce)?
Or is there any other options?
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.