Walgreen Co. Message Board

  • oldstuff1 oldstuff1 Jun 5, 1998 5:18 PM Flag

    what happened?

    Anyone know why WAG went from 38 1/2 at 4:00 to 38 at 4:11? I have a stop at 38 1/4 and it is still open. I don't have much experience at this and I an confused. Please help!

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    • I hope for your sake that you didn't get stopped
      out @ 38 1/4 on Friday! Walgreen is in the middle of
      another leg up here. Why would you place a stop loss
      order so close to the current selling price anyway? You
      run the risk of getting bumped out of the stock on a
      slight (in your case, very slight) dip in the price. A
      more reasonable place for a stop loss order is 12-15%
      below the price you paid for the stock. Then, as the
      price rises, you can move the order up with it. Also, I
      would avise beginners NOT to watch the stock as closely
      as you say you are. It will drive you nuts trying to
      figure out the irrational moves in the price of your
      stocks and the market as a whole!

      • 1 Reply to byenhold
      • Good advice. Too many people get caught up in the
        day-to-day movement of stocks. Because there has to be a
        buyer for every seller, sometimes things get out of
        whack. A good stock like WAG continues to grow over
        time. I bought 500 shares initially about 4-5 years
        ago; I now own 2,000 shares because of splits and the
        value today is worth over 4 times my original
        investment. You're right on - buy and hold for the long term.
        THAT'S WHERE THE MONEY IS MADE.

 
WAG
49.610.78(+1.59%)May 17 4:03 PMEDT