I had bought this a little while ago, and didn't get out as quick as most. There was news about this co. yesterday, and I just didn't think it was "great" news. So, I sold at a loss of about $50 yesterday. I got "scared" and thought I'd be stuck with it again... Turns out, if I had the limit order in and a little more patience, I would have profited about $10 or so. How long "should" one wait to give the public to react to news?
Posted Feb 10, 17 10:15 AMbyMsMoneyHoney
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Please let me know when you get the answer to that question because I took a pretty nasty loss on BIOC today as well. Can't figure out the best time to enter/exit in this current market.
I also had a bad trade on BIOC this morning. The diference between a 50 dollar loss and a 10 dollar gain is irrelevant. If you feel uncomfortable or iffy about something, you should always get out. Like Tim always says "When in doubt, get out."
Ok, so I shouldn't feel so bad that I was a bit impatient and mis-timed it. Ok, then! :) ...but it's not really "irrelevant" when one has a puny little account to begin with... lol.. I'm trying!
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