wow

ASVI closed at 32.94 yesterday. Today it opened at 31 and dipped all the way down to 26.51 this morning before recovering to 32.18.

I never did put a 7-8% stop loss order in for it, so it didn't sell. At 8% I would have sold at 31.38 (or worse, probably, as fast as it rocketed down), so it seems like I lucked out. I think for now I'll not do stop orders, even at drastic points, like 10% or %15, both of which would have been triggered today.

I might regret this decision, but we'll see. So far I've gotten out of a lot of positions on intra-day dips. GFIG is now back at $60. I got out of it on a stop order at 51.58 when it had a huge dip one day. Same thing with PARL: it dipped the day I bought (and sold) it, not that it's any higher than what I bought it at. MRVL dipped and is still down below what I sold at.

Hrm, so maybe my record is not that bad. It just irks me that GFIG is so high and I had it. If I would have gone by close price, I'd still be in it. And PARL, but MRVL closed low, so I'd still be out of it, which is a good thing, the way it's been down.

So, that's the new strategy. Base my selling only off of close prices.