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March 31st, 2010 at 9:44 am
Chyer –
I always sell right away. You can hold and take the risk, but we already made 5% or so…I don’t see any reason to be greedy….and now that I check the stock, it was good to sell right away.
Stitch –
On DG, the stock came down to 25.24, I was looking to get in around 25.20. I mean 4 cents is pretty darn close. That range is negotiable obviously. We want to stick to it, but on these Overnight Trades, we are looking to gain a nice chunk overnight. 3-5% typically. I am willing to take a 5-10 cent premium to get involved to not miss out on that sweet overnight gap. MOS is a long play. We want to get involved at 60.20, and we took it on the chin yesterday for the possibility of gains today and tomorrow. We wanted to hold until Thursday morning at the latest. I don’t set any stop losses of less than 3%. These trades are highly volatile, and we don’t want to set that kind of stop loss. You should set one for 3% at minimum. MOS bounced back and is starting to pull away today. Hope this helps.