"...You complain about 8,000 loss in a few hours" Qdz, don't you know that complaining and worrying are the lifeblood of the Jewish religion? Joke: How many Jewish mothers does it take to screw in a lightbulb? Answer: None. They'd all rather sit in the dark and suffer! I will post my final loss on this position (AWE) Monday. Now, it's time for a 1 mg Xanax.
At least you weren't referring to Big Bloated Butt. Is there any irony in the fact that AWE is my carrier and I may lose a lot of money on the stock? Do you think they will let me deduct it from my wireless bill? Any loss under $10k on the position will not be a disaster. I can recover that within a week or so in this market.
you are making a mistake I made last yr? overleveraging a position in any particular spec play? when the size is so big you are cursing and notice your pulse racing ... its time to take some off the table if anything for health reasons good luck and good health
SethARb, my friend, you are wise . However, I'm not fixated, I just had nothing better to do after getting drunk at the Las Vegas Gladiators Season Ticket Holders party. I would say I'm concerned. I will be disappointed if covering after hours turns out to have been the correct strategy. I mean, when you are trading to make 10 cts/share, losing dollars per share somehow seems to be moving in the wrong direction. By the way, my pulse wasn't racing. I never let them see me sweat. I just burn out the keyboard with forehead drippings. Anyway, it's hard to "take some off the table" when the market is closed. Believe me, I'm covering at or near the opening. SethArb, I would like to hear about your overleveraged position--misery (or, for that matter, miserly) loves comapany.