Remember the steep downward spike from the previous high of $13+ on 20 Sept followed by the Market Maker Guided Tour of Stop Loss Orders the following morning on 22 Sept, taking the pps down to $10.57, before walking it back up to $12.50 before folks could get back from lunch?
THE NEXT DAY, SLW GAPPED UP @ 12.75 & WENT TO $13.05, closing near where it was 2 days earlier, the day before the stop tour
BEWARE THE STOP TOUR SO THAT MMs CAN REPLINISH THEIR INVENTORY AT YOUR EXPENSE
USING A STOP LOSS ORDER IS LIKE HANGING OUT A SIGN THAT SAYS:
"MARKET MAKERS: PLEASE STEAL MY SHARES AT A BIG DISCOUNT TO MARKET, SO I MUST RE-BUY THEM FROM YOU AT THE SAME PREMIUM, DOUBLING YOUR PROFIT ON MY STUPIDITY."