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August 2nd, 2010 at 12:55 pm
Phil,
I got stuck with a large position in one of Oxen’s plays (SLAB) (Made a huge mistake on an order right at the close and entered 2,000 shares instead of 200, when I tried to get out the market closed and the after hours was so illiquid that I had to stay with the position). Earnings were good but their guidance was a little soft for revenue. I have since sold 900 shares at a 2.5% loss but the other 1,100 are now down close to 6%… The position is way out of whack on my porfolio (20%)… Do you see a way out trying to limit any further downside and looking to recover the loss for these portion? To my very untrained eye it seems the stock has made a double bottom at 40 …
Thanks for your help..